1950-08-11 — Page 12

R. I. L.

ROYAL

INTEROCEAN LINES

© SINGAPORE, JAYA

PORTS and

MACASSAR

"TJITJALENGKA"

"VAN HEUT§Z” ►

"TABMAN"

ARRIVALS, SAILINGS

16th Aug.

11th Aug.

20th Aug.

4th Sept.

29th Aug.

• only to S'pore, Penang & Bal Dell,

• MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"P0188EVAIN” "TJIPANAS” *

"STRAAT MALAKKA”

·

not calling Bouth America

JAPAN

"DOISSEVAIN"

"TJIPANAS"

STRAAT MALAKKA"

ARRIVALS

18th Aug.

-

14th Sept.

ARRIVALS

8th Sept.

12th Bapt. 4th Oct.

ard Sept.

SAILINGS

10th Sept. 14th Sept. 6th Oct.

SAILINGS

22nd Aug.

16th Sept.

Agents: HOLLAND-EAST ASIA LINE

E EUROPE va MANILA

and MALAYA

"MELISKERK"

"MEERKERK"

SAILINGS

ARRIVALS

13th Aug. early Sept. carly Oct.

early Sept. early Oct. early Nov.

to

"RYNKERK"

Through Bs/L lærued

Mediterranean and Northern

European parts:

© JAPAN

"MELISKERK"

"MEERKERK"

"RYNKERK”

early Sept.

narly Oct.

early Nov.

16th Aug. carly Sept. early Oct.

BEKINGS BUILDINGESTELCQHONESPAKOTIETO 2280 1 Ta

FORUMINESCENDENTSEMICONNAUGHTERAUNGETISER

ISTHMIAN LINE

(Jethmian Steamship Company New Yark)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

"STEEL RECORDER"

"STEEL DIRECTOR"

.24th Aug. .16th Sept.

SAILINGS TO SAIGON, BANGKOK &

DJAKARTA (BATAVIA)

“STEEL ADMIRAL”

“STEEL AGE"

STEEL SEAFARER"

ARRIVALS FROM U.S.A.

“STEEL ADMIRAL”

"STEEL SEAFARER"

"STEEL AGE"

Salls N. Y. Salled

.25th Aug.

22nd Sept. .21st Oct.

Sails S.F. Dus I.K. Sailed 24th Aug. 14th Aug. 31st Aug. 21st Sept. 12th Sept. 29th Sept. 20th Oct.

GILMAN & CO., LTD.

Tel: 31146

Chineso Freight Agents:- HIN FAT & CO., LTD. Tels: 28823, 25568 & 23487.

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROPE

m.v. "ANDAMAN"

m.v. "TONGHA!"

22nd Aug, Early Oct.

SAILINGS TO EUROPE

m.v. "MINDORO"

m.v. "BENGAL"

.23rd Aug. .End Sept.

I

FOR

ADEN, PORT SAID, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

Deoptanka available for Bulke}]

GILMAN & CO., LTD.

Tel. 21148

ม

THE EAST ASIATIC CO., LTD.

M.S. “INDIA”

LOADING 28th AUGUST

M.S. "MORELIA"

LOADING ABOUT 30th AUGUST

ADEN, FORT SAID, GENOA, ANTWERP, ROTTERDAM,

& COPENHAGEN

AT ALEXANDBI

THE CHINA MAIL, FRIDAY, AUGUST

1080.

FINANCE

AND COMMERCE

STEEL SOUGHT IN U.S. Hong Kong

AS DEMAND RISES;

Stock

BLACK MARKET LIKELY Exchange

NO NEW YORK STOCK EXCHANGE

Owing to bad atmospheric conditions, the Associated Press was unable to receive Ila New York stock exchange report for Wednesday.

New Egypt insurance

bill passed

Cairo, August 9.

New York, August 7.:.

The American stool industry in producing at a a rate of 100,000,000 tons`a year and connot satisfy the demand. The market öutlook to- day is already gray and there are strong signs it will turn black.

As the backbone of the, American economy, stcel is being sought frantically. Pittsburgh sup- pliers report offers of 100 per cent premium, ond "Iron Age" said the market is in a whirl- pool of frenzy and uncertainty.

It probably won't get out of prices of Industrini products (all) hand as it did in 1848 because things except food) is 80 per the Arms

programme so far lucens higher than in 1941, taking only a small percentage Talk about war preparedngsk of the stoel, A

mothball re-and before long oil comes into serve fleet of cargo ships will the

pleture this time very prevent the shipyards from brightly. There's no question taking 20 A new insurance bill passed they did in World War II. The B-29's

per cent of the output that consumption would be huge. by the Egyptian Chamber of while, tank production can

seem to drink high biectate petrol with unquenchable Deputies, and which will be-expected to demand not

more thirst. But the industry seems come law soun. considerably than two per cent. Without agreed that the U.S. could out- affects Lloyd's position a big battlefield of world propor-fuel the enemy on land, on sen marine insurers in Egypt. tions, the remanel for shell cas- And in the air because:

lugs is limited.

1. Eighty-four per cont of Even though big ruills are con-world stocks are withla U.S. bor- trolling their outlets, here are ders. sone price comparisons:

2. Sixty per cent of refining capacity is in the U.S.

Lloyd's policies clearly state. "Al disputes must be referred to England for settlement and no legal proceedings shall be taken to enforce any claim except in England where underwriters, are alone domiciled and curry on Cold rolled

business."

Itein

Former

price

sheets

$110

sheets .... Ingots

100. 30-60

Hot rolled

The new bill, Egyptian official sources stated today, provides for, the oppointment of Lloyd's in Egypt of a representative 'who, in the name of that corporation or any of its members, may be used before the Egyption courts.

Another clause in the new but

provides that If insurance docu- ments are written in foreign ku-, guages they shall be accompanied | by Arabic translations to the sufis- Juction of the Egyptian Insurance Control Department.

Warning issued

Some weeks ago, it was report- ed that the Marine Underwritora' Association of Lloyd's had issued a warning that if the bill were passed, as then drafted (requiring ull policies issued in Egypt to

Price this week

3. American capacity is close to 0,800,000 barrels dully, com- pared to the Russian output of $180-$210700,000.

The

Guaranty Trust Co., in its 180-200 monthly survey said the petro- 75- 80 leum industry is far better pre- "Steel" magazine raid the in-pared for a major war now than dustry is going slow on fourth in the early phases of World War quarter bookings in anticipation half earnings of $39,470,985 com-

17.

Shell

Oil Ca, announced frs:

milltary orders

pared to last year's $37,541,531. could meet any emergene and Standard Oil of California -cake oven capacity being the main weak point.

nnnounced a 10 cents per barret | increase. in the price of heavy fuel oll

of heavier

Buying abroad

but

Gray marketeers, as a result

100,000 tons of German scrap

and

discouragement.

The publle continued its scare of the pinch, are rushing abroad | buying this week, but found it- to purchace all they can lay

self. running into strong their hands on. Last week hard-15-beat

One Sun Francisco store mounted; corting $4,000,000 was bought huge piles of sugar and coffee, with a promise of 50,000 addi- |urging customers not to buy. tional. U.S. Steel, Bethlehem Chain stores and various tirma

Inland Steel announced as a publie service took news- first half earninge all good.

paper ads to plead against hourd- How American rearmamenting. Prices continued to rise in

and

to be costs will compare with those of many places, but there Wêne "Business noticeable scatterings whore buy- figure:ers looked up and bogan asking

is not hard to

Index of

wholesale plenty.--United Press.

In Arabic which would be regard. World War II, says ed as the legal text) they would Week," withdraw from Egypt and with-higher. The Bureau of Labour what was all this scare amidst

Statistics hold marine cover, either direct in the

acceptance of re-insurance of Egyptian hulla, Nile barges and aircraft.

ያኔ

of

The Association pointed out, t was reporter, that Lloyd's marine! policy was framed in special phraseology which had been fully tested in British courts and that into Arable would be

was learned here today that while

U.S. buys

buys platinum from counterpart funds

London, August 9.

British insurance [com: Tha United States Marshall Aid Mission in Britain

panies operating in Egypt would accept the provisions of the new bill, the altitude of Lloyd's 'had not yet been officially defined.-- Reuter.

MAERSK LINE

NOTICE TO CONSIGNEES

at

today formally announced the purchase of 34,000 ounces of platinum from the British Government stocks for the American stook- pile of strategic materials out of the counter part funds.

At the price ruling at the time of acquisition, it was worth about $2,250,000 (£80,000).' It. would be worth more now as platinum is one of the many 'raw materials whose price has risen since the Korean invasion, like 'dio- monds. It is both an industrial and a hoard- able material.

The M/V "OLGA" MAERSK" having arrived from Now York and Ports of call, Consignees of Cargo are hereby notified that their goods are being landed and placed

their risk Such acquisitions do not cost France, for instance, has boo.aj and expenses into the Hong the United States any dollars and using almost all her counterpor Kong & Kowloon Whart & do not bring dollars to Britain. franes on electric power projects. Godown Company's godowns, They are made from the five per at Kowloon, where delivery which has to be set aside

The beeumulation In Britain cent of the counterpart. funda

fornow totals about £250 million may be obtained as soon as American stockpile the goods are landed.

acquisitions, Reuter. expenses of Marshall Aid Mis sions in Europe and some other minor purposes.

Optional cargo will not be landed here, unless notice has boen given 48 hours prior to The counterpart funds are the vessel's arrival, but carried on European currencies which the from port to port to the final European Governments. receive port of call to which the option by selling to their peoples the Marshall Aid goods which the extenda,

Governmenta 'have received tree.

No, clalina will be admitted after the Goods have left the Godowns, and all goods remain Ing undelivered after August 17, 1950, will be subject to

rent.

Strategic materials bought out

of counterpart funds, However,

New trade pact with Japan soon

London, August 9.|||

A now 12-month trade agree

are only a small part of Aine-ment is expected to be reached rea's total stockple purchases: from abroad, counterpart fund this week between Japan and acquisitions up to June 30 (in Sterling Area countries, the cluding the pistihum announced Board of Trade said, today, today) amounted to over All broken chafed and million and

301 included rubber, A spokesman sald trade, talks damaged Goods are to be loftstool, Industrial,diamonds, now. are nearing completion In In the Godawns, where they bauxite, palm oil, graphite, sporm Tokyo. The new agreement, the. Will be examined on Augus» dll," eryóilte and other materials, third since the end of the war, 101050, at 10 th by qur Surveyors, Messrs. Goddard &. Douglas

To comply with the General Bonded Warehouse, Regulations

za | consignees must have a Be

A venue. Officer in attendance when, damaged dullobla gooda are oxamined.

Biggest provider

would set up terms of trade bei tween Japan and Britain, the British colonies, Australia, New Britain 16 by far the biggest Zealand, South Africa, India, and provider with 65 per cons" of Ceylon, and

HK Govt Loans 4 Long sk

Mati Lan (1934, 4, 1940) 2źn. 39,5% Loan (1948) 904, pătuak,

Banka

K&Ehanghai Nank Ex.Di, 1,169,

Don..Reg.) Ex.Div. 472. Chartered Buck 28 18/14», Mercantile Bank A, ♣ 1, 22, Bok of East Asla 101b.

Insurances

Chaton Inn, Ziði, Unlen los, 580 Cline Univewriters 3n.

1K Fire Inn, 1851,

Douglarer 150n.

Shipping

Kue Stemabokte jan. Indy Ching (Pret.) 120.

(Def.) 3.

Shults Ellearery 02/0n.

tlaky Water

Asla Nav, Môn.

Docks, Wharves, Godowns Etc.

2 Kowloon Wharves £84.

North Point, Wharves bu

Shanghul ghew. Wharren BALI,

Docks 12800.

China Provblonda 1,561,

Shaughn Dockyards 3.100, $200. Whe Jock 19.

Ila

Mining

Mine 1700.

HK Mars 1910.

Lands, Hotels and Bulidingə

IK Shangha! Hotels Gam. HK Lands Jan,

Blogthat Leade 1.20b, 1.2081. Humphreys d

IIK Reaktion 1,900.

Chlitese Estates 1190.

Public Utilities

HK Tramways 10b, 10.10., L'enk Trama, (Old) (5n,

New Sn. Sin Ferries Can

China Ights (0) Db, 0.10.

(New) 48, 490m, Gru, HK retrics 1mlab, Ibli>a. Macao Eletrics 1114s.

p

Handakan Thum

thewin.

(Bonus Sh.) 104 m.

labte er. 10.09.

(11.20m. Shoushal Gas Lign

Industrials Kaid. Murs. (Dr.) 22920. Canton lee 150. Cemcnts Tall.

IK Hope 180.

Stores, Etc. Valry Fatma 11 fév.

3/1. Walkons 206. 21, 2015. 1. Crawford 201 Minerais 4 1.

China Erlum 40. Bun Co., Ltd, 1.750. Boot Ban Hong 139, Wing On (UK) 48′′. Wm. Puwell, LW, Ms.

Miscellaneous,

China Entertainments. IAN."

BK Constructions (018) RAČN

(New) 1.30.

Vibro Mlings 331⁄2n.

Merman Invesimenta 9/1. Maranan (2K) J5n.

· Rhonybal - Lentz – „76-956 Shanahal Explər, 29m, Yangis 2

Cottons

Kwon 2.0, st

Rubbar, etc. Companica 136, 148,

Almu Ft

Anglo-Dutch 300. Angli-Jayna „Job. Itu Anarna 12. Dole Plantation ob Chemor United 7,50%. Cheng Rubbers .füb. Consulfilated Rubbers 1.800. Dominion Bubber. In.

Java-Consolidatesli usa, Kola Balire üb. Krcework Jarna” „filýb, Lenzkals 106. Padang Rubbers 105. Nepali Rubbers 1. Hobber Trala 2.405. Bamazaza Rubbers 80m Benambu Rubbers 106. Shanghal Kedaha 45ūn.

·Bħanahul-Malay 10. Shanghai Pahang 600. Shanghul Humatras in. Bua Manggis „10n. Bunzel Durfs 176. Tanah Merahu EGDiv, zāb Tebing Hubbera Zanabe Rubbers .D.

BUSINESS DONE (Direct business) Wheelock 100 $10, Shanghai Dock 2,100 at $3.20.

Khanghai, Húsel 500 at 16, Shanthal Lend #1,000 at $1.20. JK (Trum" 1,309 at $10.10, #807 at $15.10.

· China-Light (UTU)' 1,000 AL 13.10, 200,

=1°03.10.)

China Light (New) 400 at $4,2

IK Electric 1.000 as #1854.- $1,000 pt.

Dairy Varm (Rights)/9,500 al 85 cenfu,

Watson 1,200 at - #2015, “ED #2 #202. 1200-át. #2036; 200 mt. $20%.

Ewon 17,500 EU

Cork, 84% Loan" (1918)' $10,000 AL 9535.

The Global Fires

August 27th

S.S. "MOUNT DAVIS"

Now York

Spood

SAILING Direct, for Baltimoro Philadelphia VIA

Los Angeles and

--- Boston

San Francisco

10 days Los Angeles 19 days San Francisco

37 days Now York

Regularity Frequency Dependability

Bt. Geargo's Bldg.

Tel. 28172/5.

BEN LINE

SHIP "BENDORAN" "BENLAWERS" "BENATTOW"

"DENALBANACH" *DENCRUACHAN" 1"BENVANNOCH"

"BENCLEUCH" “BENVORLICH” "BENMACDHUI”

"DENLAWER8" "BENCRUACHAN”" "BENVORLICH"

"BENDORAN" "BENVANNOCH"

"BENATTOW" "BENGLEUCH"

FROM

TEL

ARRIVALS

FROM

U.K, via Gingapore

DUE 13th Aug. 13th Aug

on or abt. 27th Aug

29th Aug.

1

12th Sept.

"

22nd Sept.

24th Sept.

18th- Det.

.M

23rd Oct.

SAILINGS

Loading on or abt.

་ ་་་ 16th Sept. 19th Oct.

16th Aug.

23rd Sept

Liverpool, Glasgow, Dublin,

Antworp

aut Aus

Rotterdam.

28th Sept.

Rotterdam, & Hamburg

Genoa, Le Havre,

Liverpool, & Hull.

† Accents, Cargo for Japan. § Accepts Garge for Taku-Bar,

Via Singapore, Colombo, Port Sudan, Adan, and Budz Canal.

For Further Particulara, Apply TO.

W. R. LOXLEY & CO. (CHINA) LTD. -Agents-

York Building.

Telephone: 34165.

M.V. "LA MARSEILLAISE”

Roundtrip to JAPAN

HONGKONG

10.Days

(5 in Japan)

Sailing 18th August 8. p.m. to Yokohama and Kobe. "

HONGKONG — Arrival 29th August. 9. a.m.

1st Classiga Tourist

HK$ 810. to HK$ 975. HK$ 585.8 and HK$ 615.

Excursions in Japan arranged on application.

For particulars, picase apply loc--

Cio dos MESSAGERIES MARITIMES Queen's Buildings, Tel. 20051 (tligeó álags);

Money Market “WEEKLY CHINA MAIL”

US dollars opened yesterday at : 31K$0.0231: R closed t $6.34167: The opening, rate was

the total, alis further amounts The new past would replace the lowest the highest', was from Malayan and Jamalow charged against the torting The old agreement dalled for

ong which expired last Juno 30.1 gm343. "counterpart, funds.

|nbolit- £65,000,000 ~In -purchases The biber 10 per cent of the by Japan, from the Sterling roun counterpart funds is kept poetries, and sales to them of about or cumulating in the Bank of En-26,500,000, ladd.

All claims: must/ rosth

they will not be reco

before September 10, 1800,

No Insurance will be offacie

17o opened at closed at 80.41. There were the lowest and highest›rates.

Industrial gold. opened' 'Int * SERIG#514.30, a taut and closed at the same raic. rajctuations

and pending decision between The new rentent will pros Uritain and the United Bulles as

how, it alsourd) be used trade balb ways

bably call for somewhat higher

Japan buys raw materials, mus OKON D3 Wool and rubber,

Fueling themTI

wwide 4*/

renged from 1312 12:30 der Sterling was down. *. further Aye cents, to kn#15.54pk. dan Auricolin pounds.

Fat

God continted maminal

CONTAINING ALL THE LOCAL NEWS OF THE WEEK FROM THE "CHINA "MAIL” & “SUNDAY HERALD"

Price 50 Centa

9:2es0%

HÜRSDAY,