1950-06-12 — Page 9

-THE CHINA-MAIL, MONDAY, JUNE 12, 1000.

Pago g

CR BUTTERFIELD & SWIRE

CHINA NAVIGATION CO., LTD.

SAILINGS TO

Inchion & Tientsin

Keuung

•

5 p.m. 12th Jung

Noon 13th June

5 p.m. 13th June*

3 p.m. 15th June

"HUNAN"

"YUNNAN"

.Saigon

"SHENGKING"

"SOOCHOW"

Yokohama,

Nagoya,

"ANHUI"

Osaka & Kobe Singapore, Penang &

3 p.m. 17th June

"FUKIEN"

"YOCTIOW”

"SHENGKING" PSINKIANG"

Belawan

Yokohama, Nagoya, Osaka & Kobe.. Singapore &t in-

clonesia

• Sally from

ARRIVALS FROM

Keung

5. p.m. 18th June

20th June

Custodian Wharf.

"FUKIEN"

"YOCHOW"

Tientsin & Tsingtao Indonesia & Straits Indonesia

p.m. 11th Junc 12th/13th June

"POYANG"

Tientsin & Tsingtao

14th June 16th June

16th/17th June

AUSTRALIAN ORIENTAL LINE LTD./CHINA

NAVIGATION CO., LTD. JOINT SERVICE

"CHANGSHA”

TAIYUAN"

*TAIPING"

"CHANGSHJA

Sydney

0th July.

SAILINGS TO

Japan

Sydney & Melbourne

15th June 19th June 23rd June

Sydney, Port

Kembla 品 Mel- bourne

ARRIVALS FROM

"CHANGSHA"

Australia & Manila

Japan

Japon

**CHANGSHA

Japan

In Port 16th June 20th June 3rd July

"TAIYUAN" "TAIPING"

BLUE FUNNEL LINE

Scheduled Sailings to Europe via Aden &

"AGAPENOR .... Havre & Liverpool

"CALCHAS

Port said.

22nd June

24th June

. Casablanca,

Liver-

pool & Dublin

ARRIVALS FROM

"PELEUS"

U.K. via Straits

14th June

"AGAPENOR"

..U.K. via Straits &

Monila

18th June

"DOLIUS"

.U.K. via Bangkok &

Labuan...

17th June

"MARON"

"AUTOMEDON"

U.K. via Straits .. U.K. via Straits U.K. via Straits &

Manila....

27th June

4th July

"PATROCLUS” "CYCLOPS"

U.K. via Straits U.K. via Straits

13th July 17th July 27th July.

"AENEAS"

DE LA RAMA LINES

Sailing to NEW YORK, BALTIMORE, PHILADELPHIA, ·

Via JAPAN and PACIFIC COAST PORTS

"DONA ANICETA"

..13th Junc

Carriers option to proceed via other ports to land & discharge cargo.

All the above subject to alteration without notice.

For Passage and Freight particulars please apply to

1. CONNAUGHT ROAD, CENTRAL Tel. 30331/8 Private Exchange. BRANCH OFFICE 50 Connaught Ad.West. 25875, 32144,24878.

AMERICAN PIONEER LINE

to and from

Atlantic Coast Ports of

the United States and Far Eastern Ports

NEW FAST CARGO SHIPS

ARRIVALS FROM ATLANTIC

"PIONEER DALE"

"PIONEER WAVE"

"PIONEER LAND"

SAILING TO MANILA

"PIONEER DALE" (vin Yokohama, Kobe

& Fusan) an "PIONEER WAVE" (via Keelung & Yoko

hama) **

"PIONEER LAND" (vin Yokohama &

June 12 July 1 .Aug. 13

June 13

.Aug. 5

.Aug. 14

Takubar) ... SAILINGS TO NEW YORK, BOSTON, BALTIMORE, PHILADELPHIA via JAPAN & PANAMA CANAL

1. Art. Juno 10 Sails June 12 June 30 June 28 July 7 July 2

"PIONEER MAIL"

"PIONEER BAY"

"PIONEER DALE"

"PIONEER LAKE”

1

M4

#

Aug. 6 Aug. 3

S. For rates, special information call,

UNITED STATES LINES Queen's Bldg. COMPANY Tel: 28196..

The above that indicates the prinelaul y veta út loading and diicharge (ká provonily: Ikiended; but not 'their rotation,” Zor further-informa

"kichodale; 'as the Company's. Dios,`·

FINANCE AND COMMERCE

U.S. ISSUES WARNING ON

RUBBER SPECULATION

:

Washington, June 10.

The U.S. State Department has issued a warning that unjustified specula- tion has almost doubled the normal rubber prices and is hampering the United States' military stockpiling, it was revealed today.

French

currency reform due

Paris, June 10 Emmanuel Monick, honorary President of the Bank of France, conlirmed today that France would attempt to sta- bilise its currency in relation to gold and dollars this autumn. M. Moniek said, "Yes, that is true" when told of a story in an afternoon newspaper predicting the step.

"This is

to very imporlunt France," he said in an interview. "It will strengthen the Frane In all foreign markets. It shows that France is in position stabilise Its currency.

The Finance Ministry refused to confirm or deny the story. Other Anancial quarters said they had heard rumours of such ត move.

Stabilisation of The French Frane might involve removal of all controls on exchanging Frames for other currencles, something which has not liven possible since

War.

the

with

The Department, noting that the price is 34 cents a poundt compared with last year's aver- age of 174 cents." said it had protested against this temporary phenomenon during friendly dis- eussions with the governments of major producers.

vice to the producer and the con- sumer alike!!

Russian granted asylum

Berlin, June 0.

A Soviet Army bergeant, Mikhall Amurkhanovich Kar atsyev, who fled from duty with the Hussion Army of Oc cupation in Enst Germany two weeks ago, has been granted political asylum by the Brilisir authorities in Berlin.

Informed sources added that of major ∙concern · to the United States was the recent Indonesian policy of stocking large quanti- The main reasons given by ties of rubber to create a false Karatayev for his fight, accord- scarelty which contributed to the ing to an official British statement I did not Identify the coun-rising prices. The Department were the Soviet regime's "erime tries, but the biggest sources of noted, however, "April, exports and violence" against the minority natural rubber are in British- from Indonesia were nearly three Moslemt peoples of Chechen. controlled Malaya, Indonesia. times January exports." French-dominated" Inito-China. Burma and Ceylon. These nations are also hotbeds of Communist underground agitation. The Kremlin's frank plans to dami- nate the area arc deemed a

serious threat to American sup jilles.

The Department sald spiralling prices, which recently caused inajor American Tubber com- pantes

to Increase consumer prices, might result in business losses for the producing areas and thus endanger their long-term earnings. This apparently, was n reference to the warborn synthe- tie rubber industry in the United States.

The synthetic varieties sell for the government-pegged price of 181⁄2 cents a pound and have al- ready cut into the natural rubber market. The government owns 11- synthetic plants, which are leas ed to private operators. House and Senate Committees, aware of the mockpiling need and the cost of natural rubber, have voted to retain government control of the planis for at least two усата.

Ingush, who were depored en to Siberiu from the Caucasus in 1944.

Karalsayev, who comes from n village near the border of the former Chechen-Ingush outono- mous Republic, in the son of peasant whose farm was collec-

tivised in 1943.

sak this increased natural Inasse rubber production and augmented U.S. synthetic rubber output in diented

recent natural prices are a temporary

rubber plieno menon and present prices may reflect merely a temporary Rear- eity of spol rubber due to a num- ber of market factors",

The Department said Mr. Willis Armstrong, U.S. delegate to the International Rubber Study group. had brought the United States concern over the price trend to the attention of the group at its maceting in 'Brussels but it did not disclose the names of the, countries to which I had addressed protests.

The Department sald merely, "Since the study group meeting the Departmnt of State has con- tinued to emphasise this position Infriendly discussions with the governments of major producers of natural rubber.

pre-

The official announcement solid that Karatayev's description of the deportation "amplifies vious accounts of the cruel way in, which it was carried out an how destroyed."

a minority people were

(The Checken-Ingush autonn-

Soviet Socialist Republic was partly overrun by the Ger-

In their mans

the push into Caucasus during the wor), a

Karatayev said, "At 7 o'clock on the morning of February 13. 1944, if the inhabitants of the village were summoned to the Red

mous

Army Day meetings. By that time there were already wo Mr. Armstrong told the rubber for three soldiers in each house study group, "The shary upward and at the meeting the civilar, trend in natural rubber prices... population was surrounded by it continued, might well lead to

armed troops material Impalement of the long-rities and machine-guns. more

with automatic

term earning power of producing areas and simultaneously hamper

"Party representatives in mili-

uniforms tary efforts of the manufacturing

then announced in- that for

and trenchery dustry in consuming countries obedience to the Soviet author. throughout the world to expand ties the whole of the populatio the market for their products was to be deported.on that very We have thought it appropriate

same day."-Reuter. to call attention to these funda- mental considerations which w regard as generally self-evident and applicable to all countries."

Asked if the stabilisation of the Franc meant a step towards re- turning France to the gokl ston- The government has set aside dard, M. Moniek smiled and said, only US$735,000,000 for stockpil- "It is better that we do not talking all strategie materials in the Ofleluts there- fiscal year 1950. about this now."

He said the Arst step towards fore are particularly disturbed by stabilisation would be to obtain

the high price of natural rubber. International agreements other nations with which France

Serious implications does business. He added that ap- proaches would be made to the International Monetary Fund which

exercises some control international currency exchange.

Foreign

Anancial observers were sceptical of the report, how- ever. One banker said, "The have been around town Funiours for sonic time but frankly there is little Hikelihood such move."

The Department, in a state ment lesurd to the Press, said the United States has directed the attention of rubber-produc. ing and marketing countries to the serious Implications of re- cent movements in the prices of that commodity.

The United States government has been taking steps to increase Its production of synthetic rubber and it is expected that by July of general purpose production synthetic rubber will have reach- "These countries have been told that the United States be-

cd the rate of 35,000 long tons per month, as contrasted with lleves that wide

in speculative 10,000

January," of any swings in

the price of a major Department

Press. material perform a disser-

feel

He explained that the reports probably arise from the normal decline in the black market rate of the Frane during the summer when more tourist

dollara available.

The Frane is now officially pen- red at 350 to the dollar and the black market rate, which went as high as 400 lost winter, is only a point or two above the legal level.

-Associated Press.

U.S. money to aid Israel

recovery

Calcutta, June 10.

Mr. Joseph Linton, Israel envoy to Australia, said here today that the Jewish State had accepted about $100,000,000 from the United States to devo- lop her agriculture, transport and industry.

raw

statement,

the United

New York Stock

market rallies

New York, June 10.

1

Not

The stock market rallied after a setback this wook.

The comeback was strikingly successful. only were early losses recovered but a sub- stantial gain on the weck was made, During Monday and Tuesday morning, more than $1,000,000,000 was sliced off the market value of all stocks listed on the exchange. At the final bell on Friday the market showed. a net gain of more than 1,000 million dollars.

The week's market was notable for several reasons, as follows

1. Insistent demand for blue chip stocks, issues carrying the market's highest rating..

2. The ability of the market to snap out of a severe slump with no apparent effort,

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PABBENGER/PREIGHT SERVICE

OUTWARDS

14. "CARTHAGE"

*. "CORPOR

■. "CANTON"

LEAVES LONDON

Sailed

29th Jane

27th July

Via Southampton, Part Seld. Aden, Number,

HOMEWARDI

"CARTHAGE“

* "CORFU

4.a. "CANTON"

44 "CARTHAGE"

*. "CORPIJ"

*. "CANTON"

#

"CHUBAN

Bingapore.

LEAVES HONGKONG

TJuly..

4th Augu

1st September

29th September

27th October

2tal November

9th December

1

DUE HONGKONG

1rd July

Dist July

29th August

Colombo, Penang &

DUE LONDON

8th August

ich Brokember

2nd October

Both October

27th November

24th Tegember

Gih January

* Dlaembark passerzet at Southampina on 23rd December.

Accepting cargs for Singapore, Penang, Columbo, Bombay, Áðan,, Port Bald & Landun.

OUTWARDS

M. "HOMALI* 13. "KRYBER"

HOMEWARDS

. "BOUDAN" ** “SURAT**

FREIGHT SERVICE

OUR HONCHONG

25th June

27th July

FROM

Lotulan & Continent.

LEAVES HONGKONG.

18th June

243 July

--

FOR

London & Continent

Accepting Cargo for Singapore, Part Bwe flenham, Penanu, Calame bos, Aden, Port Fail, Gesin, Stareilles, Zarlos, Hamburg, Act wer & Ilotterdam, With liberty to call at Bombay if Indierment offers.

+

RULK. TANKS AVAILABLE FOR CARRIAGE. OF ON. IN SPACE FOR REVRIGERATED CARGO. LIMITED PASSENGER ACCOMMODATION,

BRITISH INDIA S.N. CO., LTD.

"... "TAIREA"

*ma "HANGOLA"

In port

all 12th Juss

St. Jon

mits 23rd June

from Japan,

for Singapore, Penang, Hangon

from Japan.

Calcutta,

The Blugupore, Penang, Hangoon & Calcutta,

• These shliw have Refrigerated Cargo space,

P. & O./B.I. JOINT SERVICE

dis-

EL "TUNDUA

7

. "ITOLA”

Here comes a "chilingi"

(Continued From Page 0)

I sent for him.

He sat at the table and began a rapid, muttered chant-evident- ly intended to provide the right. atmosphere. Then he took out a fat box about 3in. square, which, to my surprise, contained three ordinary dice.

On the table he then laid discoloured Tibetan bepk, con- sisting of long, narrow pages closely covered with handwritten script,

When bis incantations had come to an end the lama took the three dice, rolled up his eyes In his head farther than I should have thought possible, murmured a final charm, and cast the dice in the lid of the box.

He then brought his eyes down, inspected the result of the throw, and turned up a pnge in his book, from which he read the forecast, It was discouraging. "Shall succeed in my present enter- prisc?" I had asked.

Trouble coming

"No," said the oracle. "You On Wednesday, the market ad-came very near to success, but vanced. Thursday and Friday someone intervened. and your there was fairly clear sailing. On plans were swept away like straw Thursday the price level, measured before the wind." The envoy, who was leaving

by the Associated Press average for Sydney tonight, mentioned

of 00 stocks touched a new four the re-settlement of immigrants,

year peak and on Friday climbed the development of agriculture

still higher on the price scale. and industry and the future of 3. The sensational behaviour of General Motors was generally I admit that this fitted in with Jerusalem as the three big pro- General Motors and Chrysler.

credited with playing a major part the impression I already had of blems confronting the Jewish The market closed on Friday in the market recovery.

opposition from 4 certain in- State.

at the highest level, measured by

General Motors recently nego-fluential quarter. Mr. Linton said that Israel was the Associated Press average of Unted a five-year contract with

"What is the future of Tibet?" opposed to the internationalisation60 stocks, in almost exactly four the United Auto Workers. The

The advance ́vas achieved contract was widely considered as I asked through my two inter- of the Holy City "though it is yours,

”. not wholly opposed

United after one of the most dramatic not only a rich contribution to preters.

relations but as a

"A lot of trouble coming to striking token of ter of protecting the Holy Places Street has seen for a long time. there."

On Monday, the market had a the nation's future.

time bad

of it. The decision was The He said that the Middle East orderly but it was one of the worst situation was still between war and peace.

of the year. Nothing in particular Isract has signed only an to account for u heavy flow of armistice with her neighbours selling. Experts in the financial and a state of emergency con district shrugged it off as a long tinues in the new-born, State, he verdic adjustment in a market added.--Router

that had been vising without serious interruption for nearly, a

Nations supervision In the mat- weeks in the exchange that Woli | Jabour-industry → G.M.'s faith in 'Tibet--but not yet," was the an-

TRADE TALKS WITH SPAIN

London, June 10.

year,

swer.

discredit his

PIT DISASTER TRAPS SEVEN

Lille, Northern France,

June 10.

ma. "PURNEA“

In part

grike 12th June

doo 10th June

halie Zlat June

de 42nd June waila 25th June

from Perkins *Gulf, Dombay Strafta

Кот прии.

trom Persinn Gulf, Karachi, Bombny Sally.

for Japen. from Japan.

via

for Brain & Chittagong

EASTERN & AUSTRALIAN S.S.`CO., LTD.

"RASTERN"

"NANKIN"

#all 24th June

clue

for Australia, end June from Australia, en rul July for Auntemila.

Accepting cargo for Manila, Port Morndy, Belabane, Sydney, Mel bourne Adelaide, and on through bills of ladira for New Zea land & Pacife Island porta.

All vessels have liberty to call at any ports on or off' the route, and the routes and sailings are subject to change or amendment with or without notice.

For full particulars apply to:- MACKINNON, MACKENZIE & CO.

Telephone Nos 27721-4:

NOTICE TO CONSIGNEES

From PERSIAN GULF,' KARACHI, BOMBAY, COLOMBO & STRAITS,

NOTICE TO CONSIGNEES CONSIGNEES PER STATES STEAMSHIP

obtained..

COMPANY

s.s. "CHARLES E. DANT" Consignees per ship

are hereby notified that their cargo is being discharged into m.s. "PUNDUA"

the Hong Kong & Kowloon are hereby notified that their Wharf & Godown Co's godown cargo will be discharged into where it will be at consignees the Hongkong &

risk and subject to the Wharf's Kowloon Wharf & Godown Co., Ltd. terms and conditions of storage, where It will lie at consignees and where delivery may be risk and expense and subject to terms and conditions of Damaged packages are to be storage of the Hongkong & left in the godowns for ex- Kowloon Wharf & Godown amination by Consignees and Co, Ltd. The cargo is expect the Company's surveyors, ed to be ready for delivery Messrs. Carmichael & Clarko from the Godown on and after at 10 a.m. on June 15, 1950. June 12, 1950.

To comply with the General Bonded Warehouse Regula- lots, consignees must have a Revenue Officer in attendance when damaged dutiable goods are examined.

and

Cargo is considered as being accepted in good order condition by consignees, unless broken, chafed and damaged packages are left in the Go- down for subsequent examina- tion by Messrs.. Goddard & Douglas in the presence consignees, at 10 a.m. on goods remaining undelivered June 15, 1950.

To comply with the General

claims against Bonded Warehouse Regulation, steamer must be presented to consignees must have a Re-the Undersigned on or before

Officer in aftendence, June 23, 1050 or they will

dutlable goods are not be recognised. *

venue

when examined.

No claims will be admitted have left the after the goods of steamer's godowns, and all

after June 10, 1960 will be subject to rent.

VAJI

the

1

as part of the same pattern. For I paid five rupees, or about 75.

split up proposal was seen

one thing, the plan called for

6d., for this peep behind the General Motors to have more than curtain of the future--and though 88,000,000 shares of stock, an un-I formed the opinion, that my precedented figure. Presumably, secihsayer was bogus, nothing hos by reducing the price of its stock yet happened to through the

split, "G.M.

could

predictions. command wider ownership.

On Thursday, G.M. made. the General Motors riso

news again when its President, Mr. Charles E. Wilson, said the Tuesday started off calmly shortage of cars now is worse than enough except for a sharp riso | it was last year or, the year be- In General Motore. The advance fore. Dealers have fewer cars to- The Treasury announced today In General Motors was a natural | day than last year, he added, oven that a British, delegation will enquance to the news announced though production is running at to Madrid early next week to re-

after the close on Monday that a 35 per cent higher, rate, view

the company's Board, had exlating trade arrangements

pro-

Mr. Wilson predicted that the and tɔ disc is with the Spanish posed to split the stock on the car industry this year will produce Government trade and payments. brala of two shares for one. well over seven million' cars and Around 11 o'clock, selling orders trucks in the US, a Ogure which between the sterling area and the Spanish. monetary area over the poured in from all quarters. Even would comfortably top the record General Motors was pulled down high of last right combination of next 12 months.

No claims will be admitted With this The delegation will consist of from its perch. Trading was, so

forecast It was small. representatives of the Treasury, fast that the ticker tape lagged as fact and

The news spread through the after the goods have been the Board of Trade, and the Bank much as four minutes in reporting wonder that auto-looks raced, in litle village of the French Black taken delivery of ex ship's side

trades on the floor of the exchange. front of the market:

Country quickly and familles or alternatively ex the Hong it started. For a couple of hours, active stock of the week, ended Rescue workers managed to push down Co's premises unless

General Motors, second most gathered anxiously at the plihead, kong & Kowloon Wharf & Go The drop ended as suddenly as the

market coasted along the bot-8-% higher at 96 Chrysler, through an alt-pipe but reported joint survey has previously tom. Then,

during

the afternoon, fourth most active issue, jumped that it would be impossible to been effected, the market turned in one of those a lusty 8-14 points to 78. Stude-dislodge the bricks before tumor- Karachi, June 10. virtuous performances for which baker trailed

a one-point row, afternoon, A six-man official trade dele-the exchange is famous. gain at 35. gation led by Shujaat All Hanie, Lasses were wiped out in most U. S. Steel headed the most ac-alble, they said, a (Joint) Secretary of the Pakistan casts, - numerous issues" crossed live 1st, rising 1-% *** to:-35-4 Enter tonight voices were heard Ministry of Commerce, will leave into the net gain column. A Bethlehem Stein) 88-K and Ro shouting through the air-pipe, here on June 10 to visit Italy General Motors Anished with a public Steel sleek each were indicating that at least some of Hong Kong, June 17, 1950. Poland, "-Britain, Switzerland, sonsational-1-3⁄41⁄2 polota" gain' at active cand-up fractions--As- the men are alive and conscious. /

sociated Press.

Keuter,

No Fire Insurance will be All damaged cargo claims effected. against the "steamer, must be ..... DODWELL & CO., LTD,

Agents! Seven miners were tonight presented, to the undersigned announced to 'be trapped in a on or before July 2, 1950, or Hong Kong, June 9, 1950. pit disaster, at Fenain, near they will not be recognised. Dourl.

No fire insurance will be A tunnel collapsed 1,600 feet

elected. below ground at 3 their way to the surface.

p.m. GMT just the miners concerned, were on

of England.

It was understood in London that these discussions would be, routine-Reuter,

Egypt and Japan-Iteuler.

**

Further falls of stone are pos-

MACKINNON MACKENZIE

Agents, BLS.N. Co., Ltd.

NOTICE TO CONSIGNEES

M.V. "CHANGSHA” Arrd. Juno 7, 1950 Damaged cargo dx this vessel will be surveyed, by Messrs. Goddard & Douglas al Hongkong & Kowloon Wharf 13, 1950 and consigates repre- from 10 am, on June 12 and sentatives are requested to be present during "the" survey.")

"BUTTERFIELD & SWIRE,

Vedd Agenta, ***

China Navigation Co., Ltd.

Australian-Oriental

--Line, · Ltd,