1950-07-06 — Page 12

Pago 12

R. I. L

ROYAL

INTEROCEAN

SINGAPORE, JAYA

PORTS and

MACASSAR

LINES

"TEGELBERG" *

"TJITJALENOKA"

"VAN HEUTAZ" **

"TABMAN"

ARRIVALS

9th July

+

20th July

26th July

SAILINGS

9th July

14th July

26th July

20th July

direct to Bingapore, not to Java ports and Maonorar V only to Singapore, Penang & Dei. Dell

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"STRAAT BOENDA"

ARRIVALS

SAILINGS

In Port

6th July, 9th July

in Port

6th July

5th Aug.

not calling Manila and Bouth America

"TEGELBERG" **

"TJIKAMPEX"

"RUYA"

⚫ not calling Manila

→

JAPAN

"TEGELBERG"

"RUYS"

ARRIVALS SAILINGS

8th July

3rd Aug.

15th July

Agents: HOLLAND-EAST ASIA LINE

→ EUROPE vio MANILA

and MALAYA

ROLF.

"LANGLEESCOT"

"MARIEKERK"

"MELISKERK"

ARRIVALS

11th July carly Aug.

found to

Mediterranean and Northern

Through

BI/L

European porte,

JAPAN

"LANGLEEICOT"

"MARIEKERK"

"MELISKERK"

SAILINGS

9th July early Aug. carly Sept.

THE CHINA MA

THURSDAY, JULY 6,1060,

FINANCE AND COMMERCE

EUROPEAN Western German Hong Kong

PAYMENTS UNION

London, July 4. British financial officials in- dicated today that final agrea- ment on the European Pay- ments Union would probably be reared in Paris before the week-end.

Legal drafting of the agreemony would then take some time, so that it might not be signed until September.

trade problems

Frankfurt, July 4.

The West German Republic is selling to Western Europe more than it buys there, but German salos to the United States have dropped, American officials høre roposted.

This word come as the Germans announced forma--

tion of a "dollar drive" company to push ex- ports to America.

Robert M. Hones, chief of formally the ECA special mission, said West Germany's dollar gap is Lo the German

threat

A meeting of Mihialors on the a Executive Council, with checonomy, British Economies Minister, Mr. Hugh Gaitskell, as Chairman, will be held in Paris tomorrow evan-

The Council meeting of senter Ministers on the Organisation for European Economie Co-operation, will probably start late on Thurs- day morning.

The dollar gop is the difference between what the Gerinarys buy from the United States and sell there.

The Germans now accept

ac-

13

American officials sald the West Germans during May rang up thole first trade surplus with Western Europe since they cepted the European Recovery Sic Stafford Cripps, Chancellor Programme's free trade policica.

to of the Exchequer, will go

much goods from other countries Paris early on Thursday,

The British officials said that as private buyers here will take.

Gorman trade rules would be in-

exports 10 Europe several imports by corporated in the Payment Union exceeded

million dollara in agreement.

May, the In general, no OEEC country officials said. will he allowed to discriminata among the others. Any liberalisa shortly after pulling down their tion or restrictions of trade by any trade restrictions the Germans RUS$50,000,000 monthly country would have to be applied had

OEEC countries, deficit with Western Europe. West German exports to

some

8th July early Aug. early Sept.

. 14th July

early Aug.

to

KINGSSBUILDINGSTEEPHOSIS 2001STOSOROZAS

THE WILLS

ISTHMIAN LINE

(fthmian Steamship Company New York)

DIRECT MONTHLY SAILINGS TO NEW YORK VIA LOS ANGELES AND PANAMA

.24th July 2nd Sept.

"AKTION" "GREENHAVEN TRAILS"

SAILINGS TO SAIGON, BANGKOK & DJAKARTA (BATAVIA)

"STEEL ROVER"

*STEEL ADMIRAL”

ARRIVALS FROM U.S.A.

-STEEL ROVER"

"STEEL ADMIRAL"

.28th July .2015 Avg.

Salls N. Y. Salls S.F. Duo H.K. Sailed 7th July 27th July 11th July 29th July 19th Aug.

GILMAN & CO.,

Tel: 31140

LTD.

Chineso Freight Agents:- HÍN FAT & CO., LTD.

Tals: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROFĘ

my. "SUMATRA”

DY. "DUKAT"

m.v. "MINDORO”

12th July 18th July .28th July

SAILINGS TO EUROPE

m.v. "SUMATRA"

m.y. "MINDORO”

.30th July .Mid Aug.

FOR

ADEN, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG Dooptanks available for Bulkefl

GILMAN & CO., LTD.

Tel. 21126

THE EAST ASIATIC CO., LTD.

M.S. "MALAYA"

LOADING ABOUT 10th, JULY

for

ADEN, PORT. SAID, GENOA,

TH

BOTTERDAM

AMBURG, OSLO,

HENDURG,

COPENHAGEN

EAST ASIATIC CO., LTD.

other tuli uniformly.

Only scyen months

Synthetic rubber dilemma

London, July 5. The "Financial Times" sald in an editorial today:

**The possibility that cortain. Texan synthetic rubber plants will bu reopched by the United States Government, (whose property they are) spotlights a dilemma which is emerging in America. "To what extent should the prosperity of primary rubber producers take second place to ago the interests of United States. self-sufficiency la the threatened atmosphere of

of today? "If the Administration orders! all the standby plants to be re- opened, they risk spreading de pression and Communism In the rubber-producing areas of Coy

all

war-

The Union agreement would be areas totalled US$140,000,000 restrospective from July 1, the May, a new post-war record. But beginning of the new Marshall only US$4,200,000 worth of ex-ion, Malaya, Indonesia and Indo

ports wont to America.

Ak

The Intra-European year. payments scheme for the past) Marshall year expired on Jung 30.-Reuter.

SOVIET EXPORTS TO POLAND

Soviet

""

Cost of imports Imports from the United States cost the Germans US$20,000,000 in May. This does not include BRP aid financod by Američani taxpayers.

China, ali vital bases,

"If they take no action, they fail to calm the fears of those in the United States who bellovej that any degree of reliance on natural rubber supplies spells unpreparedness for war

These fears are reinforced by the desire of United Blates rub- The new dollar drive group is ber consumers for greater synthe- called the German-American tie rubber production as a means Trade Frombtida Company. of bringing down the price of has been formed by private innatural rubber.”

The paper said that if an in- dustry, handicraft, export and tourist groups to push German creased production United States synthetic rubber should exports.

American officials sald the create the danger of a collapse in West German export drive is natural rubber prices, with all paying off everywhere except that it would ontall in the Far in the U.S. In May, the Germans East, the remedy would lio In increased their sales to Canada, enlarged purchases of natural Latin America and -Eastern | rubber for the stmiegle' stockpile.

-Reuter, Europe...

London, July 6. exports of capital goods to Poland will be greatly stepped up under the trade pact signed in Moscow by the two countries last week, the Polish Vice-Premier, Hilary Mine, de- clured in Warsaw today; ne cording to a Polish press agency message received in London.

Returning from Moscow where

Finland and Yugoslavia, among he led the Polish delegation, he

East European countries, axe said that the eight-year agree buying more West German goods ment would "Increuse Poland's b

--but the Soviet ratellite States dependence lit relation to the capitalist countries" and "foli at still hold trade with the Germans tempts"

pis" of these countries to a trickle.--Associated Press. "discriminate against our foreign

cost of the Soviet goods would be covered in part by a 400,000,000 roubles credit which Russia had granted Poland.

Soviet export of capital goods would be increased until they constituted about 40 per cent of all Soviet exports to Poland. Router.

INDIA AND THE PORTUGUESE POSSESSIONS

RUHR

FOR THE EAST

PRODUCTS

Bonn, July 6.

FRANCO-JAPANESE

TRADE PACT ·

J

Tokyo, July 5. The Japanca French Union trade arrangements have bem extended for an indefinite period, according to Mr Russell Hale, chlet of SCAP Foreign Trade and Commerce Division, "today.

SCAP and French Union officials agreed to extend the agreement to avoit possible In- lerruption of

negotiations for a new pact. -

A partial lifting of the ema The French Union la planning bargo on Ruhr iron (and steel purchases of approximately $12,- products for the Soviet Zone000,000 during the rest --of-this has been decided on, German your, and the Japanese plan to trade quarters said tonight. : make approximately similar

All orders placed before Febru-amount of purchases to balance ary 8, when the'; embargo was the account Imposed

The scope of the agreement- because of excessivo East Zone Imports of fron and in effect since July 7, 1948-has steel, according to official state- been broadened to include pay- Bombay, July 8.

ments here, may now be carried ment by countries concerned of The Government of India has out.

certain additional services asked tradesmen to try to cut

This move is interpreted as an

through the present French down imports from Portugal and inducement to the Soviet Zone to Union open account Payments Portuguese possessions and stop negotiate an inter-zonal trade will be effected by special letters up exports to that, area in view agreement to replace that which of credit. of India's growing' adverse bal-expired on Friday last.

New services to be paid in equivalent-are Another reason for the partial local currency ance of trade with it.

lifting is that the Soviet Zone charges Incidental to foreig now had a credit balance with trade, such as commissions, freight

royalijes, copyrights, West Germany.

The Portuguese monetary aren) Is considered a medium currency

area.

f

insurance

The adverse balance of trade A third reason, an American | programmes, etc. etc.,-United with this area was Rs. 20,130,000 source said, Is that the embargo Press, in 1945-50 as against Rs. 4130,000 has been ineffective because of 'In 1040-40. If the dodicit in illegal steel shipments from West trade Increases, the Government Germany to the Soviet Zone. may review the

This source said, that supervi- stor had "Been inadequate, classification.

Bailor.

arcas currency Principal imports from this area are corn manufactures, kernels, raw cotton. Exports include: cpt- Lon manufactures, Juto and Jute manufactures, vegetable oils and epices-Reuter.

‘AQRANGE. TO BE WITHDRAWN

TRADE FAIR IN KARACHI

Tokyo, July 4. Japanese architects and car- penters will leave this month for Karachi to build a $100,000 "Japan Payllion" at the site of the Internalleira) Industrial Ex- position due to open in the Pakis Lan, capital- this September.

A construction crew will leave Sydney, July 5. - by plane to make the deadline The Canadian-Australasian but 500 tons of exhibits passed Lane is withdrawing the liner by Government Inspector and Acrangi from the passenger and approved by the Trade Ministry. freight service between Australia Glasgow, July: 4..

and: Amories, beedure of heavy will leave about the same time Sir Kenneth B. Harper, Chaletowabs, tho-agents for the Line probably about: July 216--by ship, j man of the Burmah Off Company saki, tonight.

Tho: Japandro Government hus appropriation of -approved “ an wald today that no talks had taken The Aorangi, the only large 135,000 for the lapan exhibit place with the Anglo-Iranian passenger Vestal providing a. ro-The remainder of the cost will be Company or any other

BURMAH OIL COMPANY

Stock Exchange

The market was idlo and prec- tically no business resulted, Prices. moved alightly downward, but t in considered, that only amali quantities of shares are obtainable at current rates.

2, GDVT. LOANH

4% Lonn 9yl.

2

twen (1984 & 1943) Odiyn. 22 Jean (1948) 08160.

DANNS

1.K. & S. Denk (teku.

Lon. Beg.) £17,

Chartered Bank 10 in.

Marcantile Bank A. & D. AND, Bank of East Aula 101h.

INSURANCED

Canton I. 2101. Untun Ine, 4206.

Chinewo Underwriters Bu. H.K. Fire is. 2004.

Dovela

FI

SHIPPING

10.

H.K. & N. Steamboate tin. Indo Chinns (Pret.) 16790.

(Del.) CD. Bell Bearer 68/1 Unlun Waterboats 150. Asia Nas, 70.

DOCKS, WHARVES, GODOWNS. Elc,

ILK, K. Wharre 17

Narth Point Wharver Ch.

Bhangbai kuuskow Wharves 14h 1.K. Docks Exiv. 12, China Providents 9.30. Shanghal. Duckyard 2.80b. Wheelocks Linn.

MINING

Haul Mines 4.700. HK Mins 01.

LANDA, HOTELS, & DLUGS. 11. 4. Havels 76, 2.K Lands 07.

bonghal Lands 1.20%. Humphreys in. 1.K. Realties 2n.

Chinese Estates 124n.

PUBLIC UTILITIES ILK, Tramwașu 12.15. Peak Trains (Old) 16.

(New) 6a. Star Ferries in.

V. Lights (0) 9.00u. (New) 6.00% 11,K, Electri: 1. Maeno Electric 15550,

(New) 10%, (19, whares) 20. Sandakan. Lögbike sip. Telephones (Ex.Ita) 10.

(Fla.) 0. Shanghel Gas 1.

INDUSTRIALS Cald. Mark. (Ord.) 291⁄21⁄2h. Canton Tos 33.

Comenta San

ILK, Roped Itu.

STONES, EL.

· Dairy Xxrms zāles.

(R) Wateon 231.

1. Crawfords 10.

Ginowres #i

China Emporium 4.30pm. Sun Co., Ltd, 1.70m. Kwonk. Barf.Hong Tận. Wine On L.K.) 821 Wm. Powell, Ltd. Bu.

MISCELLANEOUS

China Entertainments 14m.

II.1. Construction (Old) 2d40n.

N

(New) - 1.30m,

Vidro Rig. 1.

Haruman Investments: 0/+n, Marsman (1.K.) 73. Shanghai Loan -70. Yangles 11in.

Ewo 2,701.

-COTTONA

RUBBER, . COMPANIES Alma Ealates 1641

Anglo-Dutch .800,

Adelave 16

Batu Anadol (100: Data Pliniilona Lib. Chemor United ,440, Chong Rubbers £145. Consolidated Rubbers, 2153. Dominion Eubbers 1.200. Java-Consolidatode 940. Kota-Jahre 10%. - Browok Javas ‚10s..

· Langkat in. ... Fidang Bubbene `.19%- Reph Hubber 18. Kaliber Tevista' 2.300. Bemagten Rubbers,800, Semambu Rubbers 251. Shanghai Kedahs 4b.. Shanghai-Malays -105. Shanghai. Pahang 100%," Shanghai Sumatre ta. Bun" Manipula ‘100. Bangel Duste 271⁄2n. Tanah Merahe .45h.

Tebong Rubbers 195.

unsbe Robbers 19.

BUSINESS DONE

Direct bnalpees).

Company's-aspcia: "Iry servico, to: America, will be borne by: Japanese, tradò: organi~ Croset 100 at 37...

the question of the

withdrawing or arrival Insations. Ualled Press. Bydney from Vancouver .011. Ife was replying at a meeting January 20, 1961,

D

Wheelock 800•at $32. Telephone 100 at $1011 - Importuna #1,068 : an' $5,80,"

LONDON STOCKS Money Market

of the Company to a shareholders The Zchland, Prime Minister, who asked whether," "in view of Mr. 8, G. Holland, said in Well- persistent, rumours, he would say -ington today that...” his (Govern- Kf such, talks had taken place, or ment was prepared to subsidise

London, July 4 "were taking place.

the service by £10,000 a your.. Sir. Kennolh said that a Gov New Zealand's

The stock exchange today share of the emiment payment of £4,5009,900 – amount the Canadian-Australo reacted from previous Nervous- for war damage to the Company.”sian Line, required to keep the ness over Koren with glins all netration in arms would be orang in ervices along the line. Nearly all blue incorporated the

· Mr.· Holland "sold" that the chip Industrial shards. Klowed -Reutor,

Canadian and Avalfullan Gove gains, at the close ernments were, not preparedz tojik contribute asociated Press Gold stocks which had been

DENMARK PUTS

BANK RATE.UP

The Daulah Bank: 'cressed by one per

Funk:

FIRE IN SH

unidur, prerRUTO,; of the losse Reporta

US dollars were steady terday at HK$6.02 with only fractional fuctuations.

TT closed at HK$0.0515 and funtions wore likewise within point.

[*]K?Gold^(Industrial gold) almo spread, and pričom rafted from 1114301 to 8804 a taoli,

Sterling dropped two cents to HK$16,48,

Australian pounds on the hand, gained/Fires centa Wore quoted at HK31245.,

Plai HK$13

AMERICAN PRESIDENTE-

The Global Fleet

TO HONOLULU & SAN FRANCISCO

vlo JAPAN

"President Cleveland”

*194: Arr. July 14 "General GordonTM

***Art, Aug. 1 "President Wilson” ********* Arr. Aug. 3

Solls July 15 Balls Aug. 2 Salls Aug. 4

TÓ SAN FRANCISCO & LOS ANGELES

vio JAPAN

Arr. July 13 Arr. July 28

Salls July 14

Sails July 29 *****

"President Madison” ........... *President Piorca"

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

"Willamette Victory"

"Dartmouth Victory"

Arr. July 19 ....... Arr. July 20

Sails July 20

Sails July 30,

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, SUEZ. PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOĄ, NEW YORK and BOSTON "Marino Snapper"

"President Jolinson"........... Aṛt. July 21

Arr. July 10

Sails July 11

Salls July 22

TO JAVA & STRAITS

"Mount Davls"

. Arr. July 25

Salls July 20

"President Fillmore"

Arr. Aug. 18

St. Geargo's Bldg.

Sails Aug, 10

Tel. 28172/5.

BEN LINE

SHIP "BENALDER" "BENAVON"

BENVRACKIE” "BENVENUE *DENDORAN” "BENLAWERS" "BENATTOW "DENALDANACH” "DENCRUACHAN”

"SENAVON"

"BENYRACKIE "DENLAWERS” "ESNORVAOHAN”

"BENDORAN"

*"BENALDER”

"BENVENUE"

"BINATTOW"

麵

ARRIVALS

FROM

U.K. via Blogapore

SAILINGS

on or abt.

London, Antwerp, Rotterdam, Hamburg & Hull.

Солай, Lo Havra & Liverpool,

Liverpool, Glasgow Dublin, Antwerp A Rotterdam. T

1st

DUR

In Port

27th July

13th July

20th July

9th Aug.

14th. Aug.

27th Aug.

20th Aug.

12th Sept.

Loading on or abt.

-..--17th July

Sist July

17th Aug

·10th-Gepl

13th Aug,

K/Wharf Bfat July

Bist Aug.

† Accepte Gargo for Japan, * Accepts Cargo for Havra, ) Omita Hull.

Via Malaya, Golombo, Part Sudan, Adan, and Suez Canal,

For Further Particulars, Apply To---

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

Agents

York Building.

Telephone: 34115.

S.S. "BARALABA"

for CHITTAGONG

Now Loading

Sailing about 12th July

- For freight and further particulars, apply-:-

JOHN MANNERS & CO., LTD.,

Mercantile Bank Bldg.,

Tel. 34174.

TIME

„CHE WERKLY

JAZINE.

WATCH JULY 3rd ISSUE.

for

SPECIAL ROUNDUP

OF KOREAN SITUATION

YOUR COPY IN ADVANCH

UR/BOOK