1950-07-19 — Page 18

Pare 14.

R. I. L.

ROYAL

INTEROCEAN

✪ SINGAPORE, JAVA

PORTS and

MACASSAR

"VAN HEUT62" *

"TABMAN"

"TJITJALENGKA"

ARRIVALS

2ts! July

LINES

SAILINGS

20th July

10th Aug.

26th July, 31st July 16th, Aug,

*only to Singapore, Penang & Bel. Onli

@MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"TJIKAMPEK"

"RUYA"

"DOIBBEVAIN"

→

JAPAN

"RUYS"

ARRIVALS

THE CH

MAIL, WEDNESDAY, JULY 19,

FINANCE

Hong Kong Stock Exchange

The maritel continues quiet with no change la repart.

AND

COMMERCE

STERLING AND GOLD

London.

The past quarter's increase" in our gold and

dollar reserves' is surprisingly good.

711

BERICHA

The Global Fieni

TO HONOLULU & SAN FRANCISCO.

MONETARY FUND

General Gordon"

On June 30 last our reserves stood at $2,422 mil- ANNUAL MEETING

tion, which is $181 million above the level at which they stood on March 31, 1948, just before Marshall Aid begon,

London, July 17. When the International Monetary Fund and, the Inter- Valued in sterling, our're- | Hon. Our sub-quçta is 27 per national Bank hold their annual serves are C064 million. cefit,, which works out at $1,000 meetings in. Parls in Septem- 31% 1954 & 1980, Ex.In, paysan,Even more encouraging is the million. This is the largest sub-ber, Sir Chintanian Derlimukh the balance of quota of all. The schemic Includes is to preside. This arrangement 33% Loun (1948) Int. DAN, 974 Improvement in

payments between the

sliding-senie for the settlement sterling

H.K, Govt. Lozna

•

SAILINGS

A Loan A.

4th Aug.

6th Aug.

12th Aug.

6th Sept

ARRIVALS SAILINGS

*3rd Aug.

3rd Aug.

3rd Bopt

16th Aug.

HOLLAND-EAST ASIA LINE

"TJIKAMPEK"

"BOISSEVAIN"

Agents:

• EUROPE vio MANILA

and MALAYA

"MARIEKERK"

"MELISKERK"

"MEERKERK"

Through B+/L Inoued to

Mediterranean and Northern

European ports,

"MARIEKERK"

P

JAPAN

"MELISKERK"

"MEERKERK"

ARRIVALS

SAILINGS

early Aug.

8th Aug. early Sept.

early Sept.

early Oct.

7th Aug. early Sept. early Oct.

early Aug.

•

early Begt

KINTSEBUILDISGETCURBONITETMISZTOSZR0172

SOUN SUGAGES EPISCONNAUGHTY ROAD, GILLS JERK25 115

ISTHMIAN LINE

(F-thmlan Steamship Company Now York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

AKTION" "GREENHAVEN TRAILS"

.25th July .2nd Sept.

SAILINGS TO SAIGON, BANGKOK &

DJAKARTA (BATAVIA)

"STEEL HOVER"

“STEEL ADMIRAL"

04/

Banka ,,Nank 1200n.

on. Reg.) £750, Chartered Bank £9 15/185, Mercantile Tank A. A 31, TOR. Jank of East Anin 1016.

InsurancOS Canton Jns, 256. Union Ix. 6786, 8775x0. China Underwriters 3r. ILK. New Inn, JGün.

Shipping

Douginners 50n.

1.K. & M. Rteamboats 1in. Inn Chine (Pietà) $6,700,

(Del.) 15. Shells (Denter) 00/771⁄2n. Union Waterbosta 188. Ania Nav, .65%0.

Docks, Wharvas, Godowns, Etc. HK. 2. Wharven 7, 70mA. North Foint Wives in.

Shanghat Henakaw Wharves Blan. 1.K. Docks 12.

China Providents 9.50s, Shanghat Dockyards 2,306, Who-lock 27m.

Mining

Rauh Mines 4.10.

H.K. Mine 10152.

Lands, Hotels and Buildinga

H. 8. Holela 21⁄4n.

.K. Land

Shanghai Lende RL,

Jhumphrys 15.

H.K. Realties zu.

Chinese Estates 12in.

Public Utilities

H.K. Tramways 1050m, 101⁄2jan, Peak Troms (0) in.

(New) Bu, Star-Heerlen Gá/šina. ~Lights (D) 9.80m. (New) 6.00.

་

FF

H.K. Electtles 213%, Mecas Electrics 11». (New) 10% n. (Bonti Sh.) 10. Sandakan Lights A. Telephones 10ýr.

(kts.) „166, 266, 20cm. Storhai Gas 111.

industrials Call, Matr. (Ord.) 22. Cantau ces n Cemente 0

Stores, Etc.

Daley Farms 12

(i) a.

H.K. Ropes län,

.31st July

20th Aug.

Salls S.F. Salled

Duo H.K.

31st July

ARRIVALS FROM U.S.A.

*STEEL ROVER"

“STEEL ADMIRAL”,

GILMAN

Salls N. Y.

Sulfed

Sailed 20th July 19th Aug.

CO., LTD.

Tel: 31146

Chlneso Freight Agents:- HIN FAT & CO., LTD. Tela: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

m.v. "MINDORO“

...30th July

1.v. "ANDAMAN”

Early Sept.

SAILINGS TO EUROPE

my. "SUMATRA”

30th July

m.v. "MINDORO”

End Aug.

FOR

ADEN, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG,

COPENHAGEN, OSLO & GOTHENBURG Deeptanks available for Balkeil

GILMAN & CO.,

Tel. 31148*

LTD.

SWEDISH FAST ASIA CO.,LTD.

m. v. "SUMATRA "

LOADING 30TH JULY

SAILING IST AUGUST

For

ADEN, POLT SAID, ALEXANDRIA, GENOA,- MARSEILLES, ANTWERP, ROTTERDAM, BREMIAN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG.

GIEMAN CO., LTD.

曲

Watmans 21.

I. Crawfords 201. Shtreren 25 I

China Emporium Des.

Sun Co., Ltd, 1.78. Young Sang Hnay th

Wing On (KKU 121.

We, Powell, Lad, Ro.

MiscellaneoUE

China Entertalumenta 148. H.K. Constructions (Oil) 240n,

(New) 130n.

Vibro lings 21126.

Merimen Investments Df-u. Maryman (H.K.) 6.

Shanghai Loan 100.

Yenster 2.4915

Ewon 3.050,

Cottona

Rubber, etc. Companies Almus Eetsten 24lán.

Aarlo-Dutch 300.

Angio-Javan 15m.

Batu Anama „18n. Bat Plantations,ob. Chemor United „Sin. Cheng Rubbem „16b.. Consolidated Rubbers 11jb. Dominion Julbera In. Java-Consolidateds „Din. Kyla Babrán „Bib, Kronwork Jayna 185. Langkots 201 Padang Rubbers 108. Rapah Rubbers`,Lin. Rubber Třásts 2.tón. Simsches Rubberi „801. Setanzibu Rudberg Jón, Shanghal Kedaha: Ex.Div. th. Shanghai-Malaya”. 101. ' Shanghai Pahang .606. Shanghai, Sumatras in. Boa Manggis 19. Bungel Duris 173in. Tanah Meraha 4

Tabong Rubber \11%%0. Ziangbe Rubbers 50n.

BUSINESS DONE (Dired bufnens}

Union Ins; 40 ml: #07925! Wharf Go, 109 at $10. JI.K. Tram 1,000, 1975.

HR. Electric 100 at 17255, 20 at 120/6 Triephane (shis) 100 at 20 onta. Dairy Farm (Filzlifu; 500. mi $2. Clove, a Loan (165141946) 12,000

VERDEN the clearing. The essence la Sir Chintaman became Chair.

In

arid dollar areas. In 1947, the nr debts and credits arising out was made last September, when worst year of all, the arca had a dalici! which $1.033 million a A quarter. 1948, the deficit was running of

million a

a quarter, while for the first ning months of 1940, the average deficit was $500 millon quarter. Then came devalun- Ron and also the recovery American trade from its recession of early 1949.

that whether a country owen a man of the Board of Governors lebit or has a credit; db per cent. of both institutions for the of day-quote remains out current year. slonding. The remaining 40 per rent is payable in gold.

The results are seen in past nine months' figures. October-December, 1040, the sterling Bret

Vital safeguard

We thus sinnd to lose or gain

$400 million in gold at the most. It is further provided tha, trade

I

Most of the funelions of this chairmanship are honorary, since the day-to-day running er the two Bretton Woods Institutions Is handled by their respective

Executive heads, Mr. Camille Gutt, of the Fund, and Mr. Eugene Black, of the Bank.

But the Bard chalsmanship involves presiding over the ni nual meetings.

conducted in sterling between two the OEEC countries is brought into For the calculations for the purposes the clearing. This will ch. area'n deficit was only courage the continuance of the $31 million. For January-March, use of sterling in European trade. 1950, there was a mirplus of $40 We have also agreed that holders Sir Chlatanan as the Governa!

The chairmanship descended to

India. When Rus- out of the Bretton

milligg, while the latest quarter's of sterling balat.cer outstanding rep on Initto, as

that

debts

Woods

returns show a surplus of $180

lost can use on June 30 million. This year Is the first sterling to discharge their since the war in which the ster ling area has had a surplus in obtained the vital safeguard that came one its trade with the dollar area. any gold lost to the Unloh by us Th

This entitled

to the Union. In return we have next bluest quoth Holder, he

of the "Blg

"Blg. Five." India to appoin

05

as the result of that concession an

an Executive Director (Execu American trade curve will be made good by the Eceng- tive Directors representing coun- trics other than the Blit Flvr mic Co-operation Administration | Fica

have to be elected) and So for This surplus has been won by in Washington. buying less from the dollar coun-

the The new

Board Chairmanship has European Eayments tries and by selling more to them. Union is designed to foster the descended through the Big Five, Herein Bes

several warnings. revival of Intra-European trade. it being India's turn this year. The main reason why we have it has therefore been agreed the It was known that, sold more in the growing Ameri with minor reservations irato dls. Sir Chintaman's Chi

tter of election rather was a matter can trade activity, expressed in crimination between the parti- was of automatic rotation, he the keen American demand for cipating countries will be abolish than sterling area raw materialc. ed.

Also 60 per cent, instead of WAS a very popular choice. rger quantities' of rubber and 30 per cent, of this intra-Euro-secret that he is held in en by his fellow Glov have been solit to the pean trade will be freed from

1 are in general the United States of rising prices. Import quotas.

limit Spurs, whe global

Finance Ministers of the various ดวงส

countries which are members, of these Institutions. Reuter.

The

American Intervention in Karen on holiday visits

"ceds

for

máy intensify the American need Switzerland will be

raw materials.

Whether the scheme Nevertheless the fact remains will depend partly upon the ex- that we are living on the top of tent to which countries lose gold the American trade curve.

they lose too We to the Unish. may be able to balance our ne- much, they will become cautious, counts co long as American trade and European trade will suffer.

Is no

esteem

P

Money Market

and

is good, but we all seem un- So while orie hopes that the US dollars opened yesterday likely to do so whenever Ameri- scheme will achieve its object can trade is bad. We have na here is another note of warning. right act as if United States business was immug cycle.

from the

Auctuations of

The sterling area is also

BOY-

ing less from the-dollar countries. One conscriuente is that people

MAERSK LINE

at HK$0.08 and closed at $0.10.

Wert

the lowest These highest rates of the day.

TT opened at HK$6.14% and closed at $8.15.

Industrial gold was weak at HK$200 a tael at the opening. It dropped half a point, and then

$298.50 at the lunchcon interval. il climbed to In the afternoon $300 at the close.

here are still having to lighten NOTICE TO CONSIGNEES went up to $299.50, closing af their bells. This is made

by high Barent by to buy many of the

taxatim,

inability pleasantries

The M/V "ANNA MAERSK"

Sterling at HK$15.57 was un- changed.

of life, and widespread curtail having arrived from New York and Ports of call, Consignees ment of essential capital

expendi ture. It is common ground that of Cargo are hereby notifled the beat remedy for this would that their goods ure being

he streater

eral lack Production; yet gen-Handed and placed at their risk |

comforts means and expense into the Hong that the human side of our pro-Kong & Kowloon Wharf & duction machine is not being Godown Company's, godowns duction

wbile

the at Kowloon, where delivery properly lubricated, deferment of capital expenditure may be obtained as soon as means that the mechanical alde tho-goods are landed.

is not as efficient as. It could be. Therefore our good gold and

dollar

figures should

not make

Optional cargo will not be

Australian pounds dropped to HK$12.10 after opening at $12.15. Piastres continued nominal nt K$12 a 100. Ticals at HK$27.30 a 100, on" NE! Guilders nt HK$2 a 100,

were unchanged!.

NOTICE

H. M. T. EMPIRE FOWEY

us too coreplacent. Nor are landed here, unless notice ans further exhortations to personal been given 48 hours, prior to restraint accessarily the best way vessel's arrival, but carried on to get greater production:

from port to port to the final H. M. T. "Empire Fowey" The sterling Drea countries port of call to which the option sails at approx 4 p.m. on. Sun-

also reduced their pur- extends. 14. 450

day 23rd July 1950, with Ser- chases of dollar goods. That

vice personriel and their mebps goods from us. We may talk of chats will be on the passengers are not carried).

need more

No claims admitted families (faré-paying civilian unrequited exports paid for out Godowns, and all goods re- of sterling balances, but the fact

have

This Notice is for the Infor-

remains that such exports save maining undelivered after July mation of visitors wishing to dollars. Equally they mean an 25, 1950, will be subject to

additional drain upon our pro-rént. duction

European Payments

say goodbye to friends who are travelling.

All broken, chafed, and Provided embarkullon ho3 damaged Goods are to be left been completed, visitors

in

Union

in the Godowno, where they possession of pink boarding There is also the question of will be examined on July 24; passes may go on board, at 11 our trade with Europe. Last 1950, at 10 a.m. by our Sur- a.m., but they must leave the week agrecnicht was reached in veyors, Messrs. Goddard & ship at 12.30 p.m. Childcon Perls over the new European Douglas.

under twelve are not allowed Payments Union. As already

this is forecast,

To comply with the General on board. schame, embracing all the countries, but the whole of the consignees must have

To avoid congestion it is area is associated with venue Officer in attendance boarding passes issued must regretted that the number of a month each

OBEC

when, damaged dutiable goods be limited to those related to reports to the Bank International Settlements,

most closely confected

a

inganded Warehouse Regulations

Ja to be thỏ Agent for the sero examined.

Ro-

:

or

All claims must reach us with a passenger, Depending every surplus or deficit driding before August 18, 1950, or they on the Service to which the out of its trade with each of the will not be recognised.

passenger whom it is desired other OBEC countries.

These

to visit belongs, application surpluses and dedelta duced to a series of debtser

should be made in writing so ..are

as to reach the appropriate oil- dress beloty by 12 noon on Thursday, 20th July, 1050:--

Gorz, 156 Loan (2048) $10,000 at Spedite due between each GEEG

8014, 40,000 kg på.”

Star Ferrim (6'xb. 14, 100 at 169,

Akis, Nev.`1,000 af dé'conta. Emporiums *4#75 mi° #9.

|

country and the European. Pay- menta Union.

No Insurance will be effected.

JEBSEN. &.CO. Agents.

The tofal quota for all the Hong Kong, July 18, 1950... countrica 15 fixed at $3,080; mil-

Pacific Far East Live, Inc.

Fast Regular Trans-Pacific Service

BAN: FRANCIÍQU, ZOS AMORLES

"OVERLAND NEW YORK-GIUSAGO-DETROIT-NOR MOKRRAL AND ALL, AMERICAN 4 CANADIAN OFFIES.

dan Franchos de Tina) Kázába

San Francija tõe Anèsim”

Ben Franciaá

Royal Navy.

Sea Transport Ofce, Combined Services Head-

quarters Hongkong.

Ármy/RAF_Movements

Headquarters, Salisbury Road, Kowloon.

White passea for admission

to the wharf only, are, obtain- ablo under the same arrange ments,

Both pink and white passes "should," ̈bơi collected at the Kowloon Wharf Glodown Co's No. 1 Gato at or after 12 am, on 23rd July, 1080.

ut

of 10 Commpdor

and the Port Com-

'President Wilsons” President Cloveland”

via JAPAN

Are. July (30

Sails July 31

Arr, Aug. 3

Sails Aug. 4

Arr. Aug. 30

Salls Aug. 33

TO SAN FRANCISCO & LOS ANGELES

"President Plarco" "President McKinley"

via JAPAN

Arr. July 28 ... Salls July 29, ...Arr. Alig, 20 Salls Aug. 21′

TO NEW YORK, Baltimore & BOSTON

vio PACIFIC COAST & PANAMA. I

"Willamette Victory" "Dartmouth. Victory"..

Arr. July 21.

Salls July 22

.Arr. July 29.

ROUND THE WORLD

Sails July 30

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

In Port Arr. Aug. 4

Sails July 10

Salls Aug. 6

TO JAVA & STRAITS

"Mount Davis" "President Fillmore"

St. George's Bldg.

Arr. July 25

.Arg. Aug. 18

Salle July 26 Salls Aug. 19

Tel. 28172/3

BEN LINE

SHIP "BENVRACKIE"

"BENCLEUCH"

FREM

Tai

TAD EAST

ARRIVALS

FROM

U.K, via Singapore

DUE

20th July.

on or abt. 29th July

"BENVENUE" "BENDORAN"

tr

9th Aug.

"BENLAWERS"

H

14th Aug.

"BENATTOW"

27th Aug

"

BENALBANACH"

29th Aug

"BENCRUACHAN"

12th Sept

24th Bapt

SAILINGS

Loading on or abi

London, Antwerp, Rotterdam Hamburg a Hull.

Genoa, Le Liverpool,

30th July

17th And

18th Sept

Haveo &

13th Aug

Liverpool, afrigow, Dublin, Rotterdam.

31st July

Antworp

31st Aud

28th Sept

"BENVRACKIE" "BENLAWERS" "BENCRUACHAN”

"GENDORAN"

"BENVENUE"

"BENATTOW!

"BENCLEUCH"

↑ Accepts Cargo for Japan.

) Omits Hull.

Via Singapore, Colombo, Port Sudan, Aden, and Suez Canal,

For Further Particulars, Apply To-

W. R. LOXLEY & CO. (CHINA) LTD, Agents York Buliding.

::

Telephone: 34185.

THE EAST ASIATIC CO., LTD.

M.S. "INDIA"

LOADING ABOUT 10TH AUGUST

for

ADEN, PORT SAID, ANTWERP, ROTTERDAM,

HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

THE EAST ASIATIC CO., LTD. Queen's Bldg., 2nd floor,

THE WILLS

Tel. 34111 & suit

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

S.S. "AKTION"

LOADING 25th JULY SAILING 26th JULY

год

LOS ANGELES & NEW YORK

PANAMA CANAL

CO., LTD.

GILMAN

Chingue Freight Agentä...“HIN MARY&

Tola: 26883, 25553 & 23487.«