1950-06-19 — Page 9

THE, CHINÄ MAIL, MONDAY, JUNE 19, 1950, ́-

NE

B Page:

"FUKIEN"

BUTTERFIELD & SWIRE

CHINA NAVIGATION CO., LTD.

"SINKIANG" "FOOCHOW"

SAILINGS TO

Kaohsiung, Yoko- hama, Nagoya, Osaka & Kobe Yokohama .Singapore, Djakarta, Samarang, Soura- baya & Macassar

Inchon & Tientsin Bangkok Singapore, Penang

"SHENGKING" ... Keelung "POYANG"

"PAKHOI"

"YOCHOW"

"SHANSI"

& Belawan..... Yokohama, Nagoya, Osaka & Kobe..

Sails from ARRIVALS FROM

Indonesia

6 p.m. 18th June 18th Juno

5 p.m. 20th June 3 p.m. 20th June

2 p.m. 22nd June*.

5 p.m. 24th June

3 p.m. 24th June

28th June Custodian Wharf.

"YOCHOW"

#SHENGKING"

Kuchung

Kabu & Kechung Bangkok

10th June 19th Junc 22nd/23rd June

24th June

"PAKHOI"

"SIIANS!"

AUSTRALIAN ORIENTAL LINE LTD./CHINA NAVIGATION CO., LTD. JOINT SERVICE

"TAIYUAN” "TAIPING" "CHANGSHA

SAILINGS TO Manila & Sydney .. Sydney & Melbourne

Port

FINANCE

AND

COMMERCE

AMERICAN INVESTMENT

AFRICA INCREASES

IN

BULL MARKET

Paris, June 18.

The untapped wealth of Africa is being flushed out with a now flood of money—most of it Ameri- can dollars.

TAKES A TOSS Both private investments and new Marshall Plan

New York, June 17.

· "The bull stock market took a bad fall this week. The decline figured on the Associated Press 80-stock average was the worst in the bull market's one year career. Well jover one blillon dollars was whacked off the market value of all stacks listed on the exchange.

Some of the hardest hit Issue!! were those which have been most

demund In

recently blucchiu stocks with an investment rating At the same time some issues with a speculative tinge Bnished the week with net gains.

Worst

done on Tuesday and Wednesday after the market had climbed to a four-year peak on Monday.

4 p.m. 19th June 22nd Junc

Lo

8th July

Sydney,

Kumbin & Mel-

bourne

ARRIVALS FROM

"TAIYUAN" "TAIPING" "CHANGSHIA

Japoni

Japan

In Port 19th June

Japan

3rd July

BLUE FUNNEL LINE

Scheduled Sallings to Europe via Adon & Fort bald

*AGAPENOR"

"CALCHAS

"PELEUS"

Havre & Liverpool

Casablanca,

Liver-

pool & Dublin

Genoa,

Marseilles,

Liverpool Glas-

22nd June

24th June

HOW

0th July

ARRIVALS FROM

"DOLIUS"

UK. via Bangkok &

Labuan

"AENEAS"

U.K. via Straits

"MARON"

U.K. via Straits

20th June 29th June 4th July

"AUTOMEDON”

.U.K. via Straits &

Manila

"PATROCLUS”

.U.K. via Straits

"CYCLOPS"

U.K. via Straits

.U.K. via Straits

10th July 20th July 26th July 1st Aug.

"ULYSSES"

DE LA RAMA LINES

/ Sailing to NEW YORK, BALTIMORE, PHILADELPHIA,

Vla. JAPAN and PACIFIC COAST PORTS

"HALLAND"

13th July

Carriers option to proceed via other porta to lond & 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 Rd.West. 25875. 32144, 24878.

dupage was

CH1

Tucsiny's, decline was nothing about but tho get excitral follow-through

Wednesday Lifted a few eyebrows in the financial district-Assurlated Press.

arc

MAERSK LINE

NOTICE TO CONSIGNEES

The M/V SALLY MAERSK" having arrived from New York and Ports of call, Consignees of Cargo hereby notified that their goods are being landed and placed nt their risk and expenses into the Norti Point Wharves Limited go- downs at North Point where delivery may be obtained as soon as the goods are landed.

be

Optional cargo will not landed here, unless notice has been given 48 hours prior to vessel's arrival, but carried on from port to port to the final port of call to which the option extends.

No claims will be admitted after the Goods have left the Godowns, and all goods remain- Ing undelivered after June 23, 1950, will be subject to rent.

All

broken, chafed, and damaged Goods are to be left in the Godowns, where they will be examined June 22, 1950, at 10 a.m. by our Surveyors, Messrs. Goddard' & Douglas.

on

aid have been flowing in greater volume into Africa to throw light on the dark continent's riches.

Ile The French Government, hidden pockets of minerals which controls most North and beneath forbidding Schura sands. West African colonies, recently

Rice growing adopted a more liberal attitude toward American businessmen wanting to invest money in mining, agricultural and other projects in Africa.

ECA money has also bolster- I Africa, od'existing mines Including lead, fron, zinc, cop, per and tungsten diggings, plus phosphate quarrien

Almost $12,000,000 in ECA funds have been allocated to African projects by the Parks Marshall Plan office. The largest allocation was for machinery and geologists to explore Sahara Dewar, largely because of sert regions for minerals,

another Cement production is industry stimulated by American ECA dollars, North African pro- duction has been tripied since the moder-

Shanghai to revise port procedure

The

Shanghai authorities

are planning to unity all port and harbour functions under a single administration, 'ac- cording to Communist reports. Under the new set-up all cus- toma, health, whartage, dredg ing and similar functions would be merged into one authority.

Dally," The "Emancipation which is the Communist official organ in Shanghai, said the exist- separate customs and harbour administrations with all their red- Ing top

tape, which were set up by the "Imperialists and compradores,” will be scrapped.

P&O B.I. E&A

COMPANIES.

PENINSULAR & ORIENTAL s.n. Co.

PAGGINGER/FREIGHT SERVICE

OUTWARDS

"CARTHAGE" "CORFU

* "CANTON"

- LEAVES LONDON

Balled

29th June

F7th July

DUE HONGKONG

Ord Jaty

Biot July

38th August

Via Bouthampton, Port Bald, Adén, Bombay, Colombs, Penang 'à

J

HOMEWARDS

84. "CARTHAGE"

Singapore.

LEAVES HONGKONG

1th Jann

Oh August

** "CORFUNK

** "CANTON"

iti Beptember

** “GARTHAU

29th September

aa. "CORPU❤

*3, "CANTON"

27th October Iird Kovember

the

Ith December

They will be merged into one control with CATEFOI

drastically sim. plined

for procedures clearance of ships, cargoes and Under the rtaw passengers.

ship system, the paper sald, a will not have to go through nine chacking points before it finally cleared and shippers will not have to

138 kinds of pay nisation of plants. Shortage and fees before their

carges are bigh cost of building materiály

passed, as is the case now. Research has been focussed

has been a main barrier to de-

The paper reported that the velopment the continent, copper, manganese and

be-confused situation in wharfage metals

The

fore the war more than half the d Marshall

and storage on Shanghal's water- technicians, however,

cement used in Africa had to be front will also would

Le remedied by neither confirm or deny that they

Now North Africa la imported,

new control regulations. There are also were looking for

virtually self-sufficient, according uraniuin,

Ko- to ECA records, the atomic ingredient.

One reason is 0 $2,500,000

buil cement plant near Oran, with lend-lease funds

re- und

071

other Plan

Explorations are bring con- ducted at a site 400 South of Oran in the fabulous ared myy- cently modernisod withi ECA terious great Western sand mass.money. In Algeria's rugged Allas moun- tuins, where mythology says Atlas held the world shoulders, crews are for iron ore and phosphates,

110

his searching

French experts say only about 10 per cent of the whole of Africa has been surveyed for possible mineral wealth. Geolo gists have believed for years that

NOTICE TO CONSIGNEES

m.v. "REINHOLT"

arrived Hongkong Having consignees of cargo are hereby notified that all goods have been landed and placed, at their risk and expense into the go- downs of the Hong Kong and Kowloon Wharf and Godown Co., Ltd, where delivery may as the be obtained as soon goods are landed.

No claims will be admitted after the goods have left the godowns or failure to attend the survey.

now 430 wharves Dad 804

downs in the city. Under the pre-

ont sent system, a ship can dock at any whorf and store its cargoes at any godown it chopses. This has led to considerable confusion, Siil another African Industry the paper said.-United Press. made into a major income pro- ducer with dollar ald 13 rice growing along the Niger River. It has been given $1,500,000 to help increase production from u current 22,000 tons annually te 140,000 tons within seven years..

ས

INDIAN-PAKISTAN AGREEMENT

New Delhi, June 17. The Governments of India and Pakistan have approved the conclusions of the bilateral trade talks held in New Delhi at the end of May extending the scope of the April 21 agree-

Most of the money went for heavy earth-moving equipment to clear fund, dig" canals and bulld levees. Americans work Ing on this project are optimistic will that increased production

only help not

colonial

and French ecoronites but

may change the entire way of life in ment, the Commerce Ministry North Africa.--Associated Press,

ASIAN TRADE WITH AMERICA

Washington, June 17.

said tonight.

The original agreement, sign- ed within a fortnight of the Nehru-All Khan pact on minorļ- ties on April 0, resolved the trade deadlock which accompaniei Indo-Pakistani tension bordering on war.

The present extended ment provided for:

#prec-

1-Expediting the delivery of goods help up in each country during the period of tension.

2. Inclusion of more items in the free list of imports and ex- ports,

The Commerce Department said today that imports from Asia reflected a small increase from March to April, rising from $115,600,000 to $120,500,- 000. However, Imports from individual Asiatic countries re- mained near the March levels.

3-Trading on a barier basis The import Agures included

without reopening the oine- both those for immediate con-

controversy to bonded menth-old exchange sumption and those

since India's devaluation andl warehouses for future consump-Pakistan's non-devaluation of the Rupeo In September,-Associated Press,

tion.

All broken, chafed and dam aged goods are to be left in the godown

where they will be examined in the presence of Messrs. Goddard and Douglas

United States exports to Asla on June 19, 1950, at 10 am,·

fall from $157,200,000 in March to To comply with the General $319,200,000 in April. The Depart-. the To comply with the General Bonded Warehouse Regulations, ment said this was largely Bonded Warehouse Regulations consignee must have a

to result of decline in exports Re-Indla from $34,000,000 to $15,000,- consignees must have

Re. a

Officer in attendance 600 and Hong Kong from $13,700,- venue Officer in

attendance when examining damaged duti-000 to $8,200,000. Imports when damaged dutlable goodable goods. All claims against | Japan dropped from $11,500,000 of the Government Board of

are examined.

Us

All claims must reach before July 16, 1950, or they will not be recognised.

No Insurance will be effected.

JEBSEN & CO., Agents.

Hong Kong, June 16, 1950. "

venue

from

to

UK EXPORTS,

Landon, June 17.

Mr. Harold Wilson, President

Trade, announced today that Bri- the vessel must be presented to $10,100,000 and exports to Japan tain's exports to the U.S. und the undersigned within four- from $30,400,000 to $28,000,000. Canada jumped to $57,700,000 in teen days of the ship's arrival, The decrease in imports from or they will not be recognised. Africa from $47,000,000 in March May. This was some $17,000,000

more than in May 1949. to $28,800,000 in April was

In Britain's imports insurance will be primarily the result of decline

from all Imports from Egypt from $11,- sources during May hit a record 000,000 to $80,000. During the high of $640,040,000 during May: same period exports to Africa This exceeded exports by $112 rose from $28,200,000 to $20,700,000,000 and brought Britain' ad 000. Exports to Egypt rose from verse balance of trade for the $1,700,000 to $2,800,000 United first five months of 1950 to $481,- Press.

720,000Associated Press.

No fire effected.

WALLEM & CO., LTD.,

Agents, Telephone 34177-9.

A "CHUSAN*

DUE LONDON

4th August

8th September

End October

13th October 27th November

24th December

8th January

• Disembarks-passeryere at Bonikampion on Hård December.

Acceptior cargo for Hingapore, Penang, Colombo, Bombay, Aden, Port Ball à London.

OUTWARDS

ma "BOMALI

"KHYBEN" HOMEWARDS

FREIGHT BERVICE

DUE HONGKONG Sich June

27th July

ΠΟΥ

London Continent.

LEAVES HONGKONG YOR

19th June (noun) and Joly

Londen & Continent,

■s. "BOUDAN“

. "BURAT"

Accepting' Cargo for Alagapore, Port Swe Itenham, Peasing, Colem be, Aden, Port Baki, Genos, Marselles, Loudon, Hamburg, Ant- werp & ftalterdam, With Liberty to call at Bombay if inducement offers.

TANKS AVAILABLE FOR CARRIAGE OF OIL IN BULK. SPACE FOR REFRIGERATED CARGO. LIMITED FASSENGER ACCOMMODATION.

BRITISH INDIA S.N. CO., LTD.

**BANGOLA"

due 24 June from Jauna. saila 20th June for Singapore, Penang,

Bangoon à Calcutta.

• These ships have Refrigerated Cargo space,

P. & O./B.1. JOINT SERVICE

· 1.5. "PUNDUA”

** "PURNEA”

In port

load End June

dus 2nd Jane

malla 16th June

from

Peralat Bombay traits.

for

Eleulis,

Gulf,

Madran, Colombo, Bombay, Kaza- chi & Persian Gulf.

from Japan. for Strelu à Chittagong

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

SA "KASTEEN**

**"NANKIN"

emila Ind July

due 18th July

valls 10th Aug.

for Port Moresby * Australia.

from Australia, ·

for Rabaul & Australia.

Accepting cargo for Brisbane, Sydney, Milbourne & Adelaida, and on through bills of lading for New Zealand & Pacific Island poris. 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.

U.S. ORIENT MERCHANT LINE:

DUE FROM EAST COAST U.S.À.

5. S. "TRITON"

24th June

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

York Bldg.

Tol: 34165

AGENTS

June 12, 1050,

R.I

Are you also making a

Roundtrip to JAPAN

by

“RUYS

Attrketiva Lido-deok & Swimming pool.

Salling.

to YOKOHAMA & KOBE Roundtripí- 19 days.

ROYAL INTEROCEAN LINES

SHAIRI PASSENGER | DEPT."

V KINGS BUILDING, “

TELS: "29015/TO/28017,955)=2

NOTICE TO CONSIGNEES

8.5. "PARRAMATTA"

Having arrived. Hong Kong consignees of cargo are hereby notified that all goods have been landed and placed at their risk and expense into the go- downs of the China Provident L. & M. Co., Ltd., where de- livery may be obtained as soon so the goods are landed. No claims will be admitted after the goods have left the godowns or failure" to attend the survey.

All broken, chafed and dam- aged goods are to be left in the godown where they will be examined in the presence of Messrs. Goddard and Douglas on June 22, 1950, at 10 am

To comply with the General Bonded Warehouse · Regula- tions, consignees must have a Revenue Officer in attendance, when examining damaged duti- able goods. All claims against the vessel must be presented to the Undersigned within' four- teen days of the ship'a arrival, or they will not be recognised.. No fire Insurance will be ef- fected

WALLEM & CO., LTD.

Agenta,,7 Telephone, S4177–0.

June 10, 1950

AMERICAN PIONEER LINE

to and from

Atlantic Coast Ports of the United States

and For Eastern Ports

NEW FAST CARGO SHIPS "'"'ARRIVALS FROM ATLANTIC

"PIONEER, WAVE" .. "PIONEER LAND" "PIONEER SEA"

JULY SAILING TO MANILA ·. *PIONEER WAVE" (via Keelung & Yoko-

hama)..... "PIONEER LAND" (via Yokohama

Takubar)

Aug. 4 .Aug. 13 .Aug. 25

Aug.

Aug. 14.

“PIONEER SEA" via Keelung, Kobe &

Yokohama

Aug. 20

BAILINGS TO NEW YORK, BOSTON, BALTIMORE, FIOLADELPHIA ta JAPAN & PANAMA CANAL·

Arr. June 28 Sals June 30

"PIONERN BAY" ́!.

"PIONEER. DALE" "PIONEER LAKE" “PIONEER WAVE“

دوار

July 1. July 9

"

Aug. 3

19

Aug. S

» Aug. 28 Aug. 28

For rates, special information call

UNITED STATES LINES Queen's Midg... COMPANY

The abers list Indienten the principal a meta of, joiding asul discharge -de prooigtie inlanded, dui, mai thály pat athen.” Tay further. Informa

Now

you

is the time plan

to

WHAT BETTER THAN A ROUND TRIP/

Summer Holidays

to

JAPAN

AT REDUCED FAREST

'with no extra charge før -

firing aboard the ship in JAPAN

·ROUND TRIP FARE:

1

HK$500 to HK$600

Tel. 28105.

For Particulars Apply to

JARDINE, MATHESON & CO., LTD.

PASSENGER DEPARTMENT RASAER

Tel. 39311