R. I. L.
ROYAL
INTEROCEAN
@ SINGAPORE, JAVA
PORTS and
MACASSAR
KUTJITJALENGKA”
"VAN HEUTB2" *
"TASMAN"
ARRIVALS
22nd July
20th July
* only to Bingapore, Penang & Del. Dell
• MANILA, EAST &
SOUTH AFRICA & SOUTH AMERICA
"RUYS"
"BOIBBEVAIN"
"TJIBADAK"
0
JAPAN
"TJIKAMPEK"
"RUYS"
"DOISSEVAIN"
ARRIVALS
In Port
LINES
SAILINGS
14th July 20th July 31st July
ŞAILINGS
12th Aug,
6th Aug. 5th Sept
27th Aug.
14th July
3rd Aug. 3rd Sept
ARRIVALS 'SAILINGS
16th July 15th Aug.
Agents: HOLLAND-EAST ASIA LINE
> EUROPE via MANILA
and MALAYA
"MARIEKERK" "MELISKEAK"
"MEERKERK"
ARRIVALS
SAILINGS
early Aug.
barly Aug.
early Sept.
early Sept.
early Oct.
Through Be/L
imased
to
Mediterranean and Northera
European ports.
JAPAN
"MARIEKERK"
"MELISKERK”
"MEERKERK"
early Aug. early Sept. early Oct.
14th July early Aug.
early Sept.
#KING'S BUILDINGSSTIL, EPHONESË 2001 SETO SURO 17H
ISTHMIAN LINE
(Jemian Steamship Company New York)
DIRECT MONTHLY SAILINGS TO NEW YORK VIA LOS ANGELES AND PANAMA
"AKTION" "GREENHAVEN TRAILS"
.25th July
2nd Sept.
SAILINGS TO SAIGON, BANGKOK &
THE CHINA 'MAIL, FRIDAY.
FINANCE
AND
ULY 14, 1950.
COMMERCE
SATELLITES TO SPEED UP HEAVY INDUSTRIES
Hong Kong Stock
Exchange
Pending clarification of the unconfrmed report of the sinking
Vienna, July 13.
Accoloration of the already breaknock tempo of industrialisation at the expense of the living standards of the people has been decreed by the Communist rulers of Czechoslovakia and Hungary.
To this end changes have been ordered in their five-year plans that will increase the invest- ment in heavy industry and decrease the production of consumer goods.
Smuggling of silver to South China
Coneldurable
amounta
of
cilver have been smuggled tɔ South Ching in recent, wooke, According to a report reach.
ing here. The allver wae carried by persons travelling on the Canton-Shanghai rallway.
In
The report stated that most of the silver. In the form of bullion or coins, was found hidden) in luggage. Ona passenger was found to be conveying 800 ounce0. whole peace camp hraded by the
an 11-day period, more than Soviet Union."
1,100 ounces and 700 eliver dellarc Czechoslovakia (has been until
was selzed.-United Commu- United Press. recently advertised as discipline" to prevent "wagenism's show window and had cer-
Another means to the same of the "Valley Forge," business end will be "the tightening of was reduced to a minimum on the the norms" of production and Stock Exchange, Unions closed with buyers, but most stocks stricter enforcement of "work
were left uniquoted,
H.K. Goyt, Loans Lot 120
31% Jonu (1931 A 1948) DAISM, awca Lown (then) gub, ADV.
Banka
K. & B. Bank 1230m.
(hon, Steve) Cibin. Chartered Bank £5 3/1ôn. Mercantile Bank A. & D. £?2n. Bank of Esat Asin 1915.
InsuranceS
Canton Jan. 266.
Linien in, 5760, 585x0.
China Underwriters Do H.K. Fire Ini. 160n.
Shipping
Huginnen 1700,
H., & M. Brainhoala Itn. Cola Chinna Pref.) 16.10.
(Del.) 560.
Shelle (Beurer) 03/08. Balon Waterbonis 199, Asha Nov. 62151.
Docks, Wharves, Godowns, Etc.
K., Whoreen T2a.
Hurtle Point Wharven En.
Hhoch erkew Wharven Ban
MUK. Darka 12446
Chirm Providents 9.300. Shanghai Dinckyards 2.2016
"Wherlocke "ra.
Mixing
Raub Mine 4.70%
iK, Mines arom
Lande, Hotels & Buildings H.. Iniels Jes.
JK. Las
a.
Shanghai 151:24,990.
Humphreys Rn.
UK. Hollier 1.007, 2.10s, Chinese Exlkim 1240,
Public Utilities
X, Tomwrys 10,800, Pink Trama (0) Ik.
(Now) Re.
+
Sing Ferries 181,
C. Zhts 1041 15n.
(New) 4.000. B.K. Betri 2114/21km, Moran Herteles 11240.
(New) 10%.
Bonus Sh. 193an. Sandakan 1ights 8n. Telephones #Ex.fta.} 10%®,
(U). Khachai Gas 21.
Industrials fald, Nare, 10xl.) 221⁄2n. Candi eeu an. Comenta n.
DJAKARTA (BATAVIA)
"STEEL HOVER"
28th July
"STEEL ADMIRAL”
20th Aug.
ARRIVALS FROM U.S.A.
-STEEL ROVER"
"STEEL ADMIRAL”
Sails N. Y. Salls SF.
Sailed Salled
Due N.K.
Salled 29th July
27th July
11.K. Hopes 19h,
19th Aug.
LTD.
GILMAN & CO.,
Tel: 31146
Chinese Freight Agents:- HIN FAT & CO., LTD. Tels: 28823, 25553 & 23483.
SWEDISH EAST ASIA Co.,LTD.
ARRIVALS FROM EUBOPE
m.v. "SUMATRA"
Stores, Etc. Relry Farms1124».
(ROL) A Watsons 21940, 9251», 22418.
I. Crowfneda 20n. Sincero 2,100.
China Emporium un.
Run Co., Ltd. 7.70.
Kwon Haur Bank A. Wing on (1K) 120.
Wm, Jowell, Ind. Ra.
Miscellaneous
· Chinn "Entertainmonta”Jan/ HK. Constructions (014) 2.400.
(New) ..
Vihen Piling 1132. Maraman Inveniments Syn. Marsman (15K 70 Minha Ioan 70n. Yunglazes 2.éðan.
Fiwon 2.60.
Cottons
Rubber, etc. Companies
Alma Estates in.
Anglo-Dutch 30..
Anxie-Invas 16.
Batu Aname „Jún,
deantations 506, Chemor Unitre dan. Cheng Rubbers 123b. Consolidated Rubbern 19. Dominion Rubber Jn.
....14th July
m.v. "DUKAT"
17th July
m.v. "MINDORO"
28th July
BAILINGS TO EUROPE
m.y. "SUMATRA”
.30th July
Padang Rubbers 126.
m.v. "MINDORO"
.End Aug.
Bepat lubbers In
FOR
ADEN, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HABIBURG, COPENHAGEN, OSLO & GOTHENBURG Deeptanks avaliable for Bulkoll
GILMAN & CO., LTD.
Tel. 31145
THE EAST ASIATIC CO., LTD.
M.S. "INDIA"
LOADING ABOUT 10TH AUGUST
for
ADEN, FORT SAID, ANTWERP, ROTTERDAM,
HAMBURG, OSLO, GOTHENBURG & COPENHAGEN
THE EAST ASIATIC CO., LTD.
Queen's Hide, Bad the
Java-Consolidatedu .05m, Kota Bahroe „JOB, RB6A, Kroework Jayas .15n. Langkats 30h.
Hubber Trista 2.30, Semasan Rubbers 1603, Semambu Rubbers 30b. Shanghvi Kedaha 42an. Shanghellys 100. Binnahal Pahang. Shangbel Bomatras in. Sua Manggis 10. Sangel Durla 1734m. Tanah Mernda 426. Tehong Nubbers ‚12%1⁄21⁄2. Zangbe Rubbers Bon.·
BUSINESS DONE ("Direet' business) Union Im. 10 at $585, Wheelock 100 at $21. Ehanghai Bock 1,500 at 2.10. KK. 8, 1ļotej 600 at $7, Shanubal Land $2,000 al 59 conta, R.K. Tram 100 nt1$10,10.
Ch. Light (030) 900; at 89,90).
Ch. Light (New) (300 31'48.35.
swindling."
These new orders, which re- present a sharp departure from former practice, apparently have been inspired by Moscow Czechoslovakia has enjoyed and boasted
tainly made faster progress with her mechanisation than any other East bloc country. It is believed possible that jealous Russian na tonalism could no longer regard with equanimity the perpetuation or a living standard already fur of until recently the higher than that of the Soyles highest living standard among Jnlon Itself. the countries of the East bloc Part of the Communist pro- paganda in Hungary was that 1 the
Jluged Improvement
economic condition of the worker. But now in Czechoslovakciu, ne- cording to the economie review Hospodar, "production for techni cal needs is to be increased the expense of superfluous con-
ket exist."
FOREIGN MONEY
NOT ACCEPTED
PLANS FOR CHINESE INDUSTRY
Communist plans to in-
The Bank of China is not dustrialise China will stress accepting certain foreign cur- the development of heavy in- rencies for conversion
into
ment disclosed that starting
in 1951 it would embark on a series of five-year plans de- signed to bring about a plan- ned economy.
sumer goods for which no mar-JMP, according to a Shanghai dustry. The Poking Govern- |
The well-known Communist report. These include Austra- economist Eugen S. Varna has liun pounds, Canadian dollars, eturned from Moscow to hit Indian rupees and Straits dol- native Hungary to explain on one lars. hand that the Marshall Plan t "a plan of misery and Blood sacrifice" $14 on the other to rebuke Hungarian workers for their "having fever and wage swinding“
Upon the request of clients, the Bank of China will attempt to convert these currencies abroad, As a first move in drawing up however, along with British the blueprint for the first five- pounds and Swiss franes. The year plan, 380 representatives of new ruling does not affect 11.9. Or❘ various Clovernment offers were He explainer that while It was Hong Kong dollars, which ore convened u Peking on July 10 not immoral for a worker convertible
announced by the Ministry of Heavy Indu- the capitalist country to slow up pro- official rates.
stry, becording to a Communigi ruction since that prevented un- The bank announced that no report. The principal item on the remployment, to do this in the Interest may be charged on remit- agenda was the drawing up of a Hungarian "people's democracy", tances from abroad, apart from production programme for no- was "a criminal act which must the handling fee-United Press. tional heavy Industries, be punished."
7
In preparation apparently for new attempt to convince the worker that the Incl. that "thu factories are yours" means hej should work longer for less, a new attack has been begun on the renmanin of the Hungarian Sovinist party..
Russian, jealousy Matyus Rakosi, Hungarian boss, denounced the Social Democratic leaders who in the past had slan- dered the Soviet Union and har betrayed Communists to the police during the wartime Horthy re- gime and who now "undermine discipline, support wage swindlers and work hand in hand with clerical reactionaries."*
-
at
Money Market
The reported sinking of the USS Valley Forge in Korean waters sent the price of X gold (industrial gold) up to HK$315.50 a tael yesterday afternoon.
The Acting Minister for Heavy Industries, Ho Chang-kung, told the delegates that China's plan for developing heavy industries should be patterned after that of the Soviet Union. One possibility considered likely here was that
Industrialisation China's
plans might be integrated with those of Russia, but the report made no mention of this.
From a quiet opening at $202 the rate climbed to $300 Just before lunch time. After lunch
Indientions are that Chinn's then it shot up to $310, and another five and a half points industrial development program- me is being centred in Manchu- to $313.60.
After the market closed the rin, which under several decades influence before waa of Japanese price fell as the report
World War II became the most denied.
of industrially advanced aren China. The Communist authori les have for several months been conducting an intensive recruit- ing campaign throughout China for technielons and skilled work- men to take up long-term cm- ployment in Manchuria, United Prcss.
US dollars were not so greatly affected. It went up to HK$0.08 It is reported that Stefan Rigas, only. That was in the afternoon Minister of Justice and the last when the Valley Forge story real Social Democrat left in the was the talk of the town. The Government, will soon follow Ar- opening rate was $0.04.
TT opened pad Szukasits, former president and farmer thead of the Social In a steady climb during the Democrats, Into oblivion.
day closed at $0.15. the
unchanged at was
The reasons glven ly
Prague
Communist organ "Rude HK$15.
at HK$6.12 and
Pravo for the redrafting of the Australian pounds were also five-year plan in favour of heavy unchanged at HK$12.25. industry ns against consumer Plastres continued nominal nt goods are the need for making HK$12 a 100. Czechoslovakia economically in- dependent of the capitalist States, increasing her “defensive poten- NEI Guilders were unchanged tla!" and "strengthening the at HK$2 a 100.
Ticals climbed back to HK$-| 27.25 a 100.
Technical help for undeveloped areas discussed
Geneva, July 12.
The Export-Import Bank has an uncommitted lending authority of over $800,000,000 for aid to undeveloped countries, Mr. Isador Lubin, the United States representative, told today's mooting of the Economic and Sociol Council of the United Nations.
མ
̄NY COTTON
New York, July 12. Cotton futures fluctuated widely today. Futures closed US$2.35 à bale lower to 45 cents higher than the previous close.
July October December March
May
July
October December Middling spot
36.80
35.98
35.99
35.00
35.82-00
35.32
33.01-02
32.82 nominal 38,00 -Associated Press,
NOTICE TO CONSIGNEES B.S. "ANDREW JACKSON”
Having arrived Hong Kong consignees of cargo are hereby notified that all goods have been landed and placed ut their riak and expense into the godowns of the Hongkong and Kowloon Wharf and Godown Co., Ltd., where delivery may be obtained as soon as the goods are landed.
Mr. Lubin, who was making be extended to those countries a statement on, the methods out some form of, help whereby of financing the United No- capital goods could be made
No claims will be admitted tions technical assistance pro available to governments through after the goods have deft the godowns or failure to attend The Chilean representative advocated the establishment of the survey.
gramme, said that, in practice, the Bank was in a position to borrow at least $2,250 million more.
He warned agatust any as- H.K. Electric 500 FK. 200 at $21. sumption that development catt
Telephones (Rights) 1,800 at 29 cents.
Waison 400 at #225%.
Zurnalaren 1,000 at '92.10.1 Anglo-Javaa 500 at 15 cents.
Kota Bahroe 2,420 må 35 punte.
the sale of goods.
an international Bank apéotal) All broken, chafed and dam- fund for loans to backward aged goods are to be left in
#MERICAN PRESIDENT
The Global Fleet'
S.S. "PRESIdent cleveLAND”
will sail for
HONOLULU and SAN FRANCISCO
via Kobe and Yokohama
on SUNDAY, July 16th, at 12 Noon.
..
Passengers are requested to board the vessel on Sunday, July 16, between 8.00 AM. and 10.00 AM.
Baggage-room and ifold baggage will be received in Godown No. 50 of the longkong & Kowloon Wharf & Godown Co., Ltd., entrance through Gate No. 2. Canton Rond, Kowloon, on Friday, July 14, from 0.00 A.M. to Noon and from 2.00 P.M. to 5,00 P.M.
St. George's Bldg.
Tel: 28172/5.
BEN LINE
SHIP "BENAVON" 19ENVRACKIE"
"BENVENUE". "BENDORAN" "BENLAWERS" "BENATTOW" "BENALBANACH" "BENCHUACHAN"
"BENAVON" "DENVRACKIE" "BENLAWERS" "DENCRUACHAN"
"BENDORAN"
"BENVENUE"
"BENATTOW"
* 4**
FEAM 101
FAD FAST
ARRIVALS
FROM
U.K. via Singapore
SAILINGS
DUR
In Port
on or abt.
27th July
H
20th July
9th Aug.
14th Aug.
27th Aug.
29th Aug.
12th 8opt.
Loading on or abt.
16th July
London, Antwerp, Rotterdam, Hamburg
31st July
17th Aug
16th Sept.
Genoa, Liverpool,
Le
Havre
&
13th Aug.
& Hull.
Liverpool, Glasgow, Dublin. Antwerp Rotterdam.
† Accepts Cargo for Japan.
) Omits Hull.
Stat July
31st Aug.
Via Singapore, Colombo, Part Budan, Aden, and Suez Canal.
For Further Particulars, Apply To→→→
W. R. LOXLEY & CO. (CHINA) LTD.
Agents
York Building.
NOTICE TO CONSIGNEES
Consignees per
5.6. "BENALDER”
Telephone: 34165.
NOTICE TO CONSIGNEES
From JAPAN Consigaces per Ship 8.8. "ITOLA"
are hereby notified that their cargo will be discharged into Hongkong & Kowloon are hereby notified that their the cargo is being discharged Into Wharf & Godown Co., Ltd., the Hong Kong Kowloon where it will lie at consignees Wharf & Godown Co's godown risk and expense and subject where it will be at consignees' to terms and risk and subject to the Wharf's toms and conditions of storage and where delivery may be obtained.
survayom,
the Company's Murars. Carinichael & Clarke at 10 a.m. on July 17, 1950.
conditions of
storage of the Hongkong, & Kowloon Wharf & Godown Co., Ltd. The cargo is expect- ed to be rendy for delivery from the Godown on and after |July 14, 1050.
با
Cargo is considered as be-
Damaged packages are to be left in the godowns for ex- amination by Consignees anding accepted in good order and condition by consignees, unless broken, chafed and damaged packages are left in the Go down for subsequent examina- tion by Messrs. Douglas in the consignees,
To comply with the General Bonded Warehouse Regulations, consignees must have a Re when damaged dutiable goods
venue Officer in
are examined.
attendance
Ateak The fiend could be man- the godown where they will be No claims will be admitted tained by member government examined in the presence of after the goods have left the take place overnight. Great speed of the United Nationa.
and all was not always compatible withi Sir Ramaswami Mudaliar, the Messin, Goddard and Douglas steamer's godowns,
goods remaining undelivered the best use of resources and Indian representative, made an on July 19, 1950, at 10a.m.
after July 10, 1950, will be Jasting improvement.
Impassioned plen for undeveloped Artion by the International | countries. "He salu tõsir - poverty: To comply with the General : subject to rent. Bank in. conjunction with private) and economie, backwardneks con- Bonded Warehouse Regula-
An Revenue Officer in attendance
LONDON STOCKS enterprise to meet the require-ofitutes the greatest challenge to tions, consigneer must have a
London, July 12.ments of undeveloped areas was the world today.
:
the
claims against Repetion of Japanese bonds to advocated by Mr. Alphonso
Sir Ramaswami deplored the when examining damaged duti-steamer must be presented to Korean communiquea was mixed Fournier (Canada), an earlier tendency to impose strict con-able goods. All claims against the Undersigned on or before today. The 1907s closed at 30, speaker at today's meeting of the altions in lonto backward the vessel must be presented August 10, 1900, or they will up 3/4, and the 1010% at 25 1/4, Economic and Soclut Council.* Countries. What conditions di up 1/4. The 1980s wore off a half) Private capital was available the United States impase for to the Undersigned within not be recoguteod rolni pt 48.
in the world today but the Cans Marshall Ald before American fourteen days of the ship's Financial Times Index: 112.0 dian delegation felt that the right money poured into Europe, he arrival, or they will not be unchanged. Associated Press,
recognised. asked. economic climate won an import-
• "There is an fèy cold, calculat- ant factould not be confused ing wind bending across the big
No fire Insurance will be with good financial weather pro-industelalled countries or effected.
WALLEM & CO., vriding | mised by, a Government, ecpking Western Europe, with fern ex-
Washington, July 12.
The House passed and nont to the Senate today a blif for foreign investment, „uilder „Prezident: "Fourint
... This
Benor Oscar Bchnika, tho,
chus vola was last representallysi zák. IBN Sa trauktion
SZLAPUDICA Kalhad toltorm of MaribAïf Aid was-neodak ]'hoin the 95/Marviblood, mas |
under
iday of ther
buch KotioSTATNIEM BATY for the unpansion of undara, slána KIS RUJE OK. Committee, for heißer egaldera-developed areas. He did not most undeveloped countries He said,
Wilted Press. Copper & -liikat; actual: Marshall #314 #home!
Agents, Polophongs 38041-5.
July 10, 1950.
at
Goddard & presence of
10a.m.
.on
To comply with the General Bonded Warehouse Regulation, consignces must have a Re Venuo Officer in attendencò when dutiablo goods are ex amined.
All damaged cargo claima against the steamer must be presented to the undersigned of before August 3, 1950, ez they will not be recognised.,
No fire Insurance will be effected.
No claims will be admitted
No Fire Insurance will be & Godawn Co.a premisen, un♣ effected,
W. R- LOXLEY & CO (CHINA), LTD., Agents.
Hong Kong, July 13, 1930...
after the goods have been taken delivery of ex ship's side or alternatively ox the Hongkong & Kowloon Whart
lena a Joint Burvey has preż viously been effected pa MACKINNON MACKENZIE & CO. Agonte. BIEN COP Ltd.
ang Káng, July 11, 1950,
No comments yet.
Private notes are available after approval.