1950-09-05 — Page 14

THE CHINA MAIL TUESDAY, SEPTEMBER 5, 1060.

R. I. L

ROYAL

INTEROCEAN

⚫ SINGAPORE, JAVA

PORTS and

MACASSAR

"TASMAN"

"TJIBESAR"

"VAN HEUTaz"

"TJITJALENGKA"

ARRIVALS

4th Sept.

LINES

SAILINGS

8th Sept.

10th Sept.

7th Sept.

In Part

19th Bopt

24th Bept.

ARRIVALS

SAILINGS

only to B'pore, Penang & Bel Dell

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"BOISSEVAIN”

"STRAAT MALAKKA' "STRAAT BOENDA" "TJIBADAK" *

not calling Manila and South America

ARRIVALS SAILINGS

8th Sept. 16th Sept.

"TJISADANE"

O JAPAN

"BOISSEVAIN"

"STRAAT MALAKKA”

"TJIBADAK" ..............

"STRAAT 8OENDA"

9th Bepi, 18th Sept.

14th Scpl.

17th Sept

9th Oct. 12th Oct.

20th Oct.

9th Oct.

18th Sept.

22nd Sept.

22nd Oct.

"TJISADANE"

8th Oct.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"MELISKERK"

"RYNKERK"

"MEERKERK"

Through DI/L Tented

to

Mediterranean and Northern

European parts.

JAPAN

*MELISKERK"

"MEERKERK"

"AYNKERK"

LEIET

ARRIVALS

SAILINGS

11th Gopt.

7th Sept.

early Oct

early Oct. early Nov.

10th Sept. early Oct.

11th Sept.

early Nov.

early Oct.

KINGS BUILDINGSTELEPHONES MOI, ZrO22an 172.

THE WOND

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

"STEEL SURVEYOR”

..27th Oct.

SAILINGS TO SAIGON, BANGKOK &

#

DJAKARTA (BATAVIA)

"STEEL AGE"

22nd Sept.

"STEEL SEAFARER”

21st Oct.

ARRIVALS FROM U.S.A.

Salls N. Y. Salls S.F. Due H.R

Sailed 21st Sept. Snited

"STEEL" AGE"

"STEEL SEAFARER” .......12th Sept. 29th Sept. 20th Oct.

GILMAN

& CO., LTD.

Tel: 31146.

Chinese Freight Agents:- HIN FAT & CO., LTD. Tels: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROPE

m.v. "TONGHAI"

.Early Oct.

SAILINGS TO EUROPE

m.v. "BENGAL" m.v. TONGHAI"

FOR

.End Sept. .End Oct.

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,

ANTWERP, ROTTERDAM, BREMEN, HAMBURG,

COPENHAGEN, OSLO & GOTHENBURG

Deeptanks available for Bulkell

GILMAN &

Tel. 31146

FINANCE

Hong Kong Stock Exchange

HK Govt. toam

At Tann A

35 Ton (1994 A 1010) DAYA, a Loon (949) 951

Banke

JIK & Khanabad Bank 1135/20an.

1. Res. '£74n. Chartered Bank &ỵ 1/140, Meresuulla Bank A. & MEDIA. Bank of Asia 19th.

Insurances

Canton 18. 01.

Lintos 1. Afb.

China Underwriters do.

UK Pro, 115, -

Shipping

Donlawen 16.

HI & Marno Steamboats 217 Frito Chinns (Prof.): 128.

(Del.) Jún,

Abelle (Beurer) &Z/Cn.

AND COMMERCE

REVALUING THE POUND

By GEORGE SCHWARTZ -

The fifth annual meeting of the International Bank for Reconstruction' and Development and of the informational Monetary Fund will begin in' Paris on September 6.

This may not sound very exciting news, but I would

remind you that last year's meeting, in Washington was a hectic affair, since the outcome was a series of currency devaluations set off by the writing down of the £ from $4.03 to $2.80.

Wats

of

ex-

Philippine control of imports

Manila, September 4. President Quirino and his Cabinet advisers are reporteil to be planning a survey of the operation of the Import control programme, which some trade Circles belleve may lead to re- Juxation of restrictiohis out the entry of foreign goods into the Philippines.

Re-examination of import con- tral regulations, instituted early this year, is said to have beei; ordered in the light of the Kortan conflict, which has brought pro

here for the easing of posals modities may be stockpiled in the Philippines in preparation fo a possible war emergency.

It

protest. the extent rather rises in impassioned than the fact of the devalua- "Bring me my £ Burning tlon that produced the greater | rold,"

No, we need not follow in the shock at the time. The writ train of deficit finance and in- ing down of the £ exceeded intlon, but if any action is to be 30 per cent, and no one out- taken, the question of the side officiul circles was

should not be left pre-change rate

out of consideration. pared for such a drastic cor-

Let us consider some of the rection.

2-dollar It was admitted af the thao, effects of raising the that the rate had been piteler rate from 2.80.16, sig, 3.00. In ly to make sure that the de- the first place it would cheapes restrictions so that essential com

imports valuation would effective in the sterling price of

the hard-currency areas, one move, We came us the con- from any other countries that did clusion that we mist at very and

by T least low as 3 delines to the not follow

per cont.

Another factor in the Philippin Could anything be more helpful

import programme is said to bol and probably a bit lower" This the Chancellor la describat this juncture when the upward the anti-Red outlook for the Shanghai lingkew Whore a, #lining the discussions in the Cabinet pressure on the cost of living is purchase of consumer goods from which preceded the event, but causing disquiet and threatening the United States. where many I must remind you today of some the precarious stability of the plus have switched over to th of his ather remarks which, bu- wago and price structure?

production of war maferfils. cause they had little import at

A rise in

the exchange rale Trude circles her fear this may the time attracted no altention would raise the price in foreign reduce the quantity of roods and have subsequently passed currencies of our exports. This available for export to the Philip out of the public mind,

would ordinarily be an argument pines. xample:

against the move, although it is by n means certain

Union Waterbeats 190. Aala Nav,

Docks, Wharves, Godowni, Etc. HK & Kowloon Wharves 6814, 95, North Point Wharvon 4.251, 475um.

HK Docks 12.

-China Provident 0.706, D.201

Shanghai Derkyards 2.86b, 2.904 Wheelocks 1914b.

Mining

Haul Mines 4.708.

16K Mine 011512.

Lands, Hotels and Buildings

1 & Shanghai Hot-w" n.

HK Lande Den,

Shanghai Landı 1,10%,

Humphrey 7.10.

Hi Ronition 1.000.

Chilem Fatates 11.

Public Uellétan

HK Tramways 10ılı 10%. Peak Troms (0) 16.

(New) .

Star Ferrien Cou. Chinn Lights (Did) 935.

(New) B.Com, lectries Ex.Div. 10%. Mneas ertelen 1

(New) 10n. (anti Sh.) 10. Santakan Lahti plán. Telephines 9425.-

tim.),20m. Shanghai Gas 1

Industrials Cold, Marg,, (Ord.) £4, Canton fees Sin.

Cemente 4G,

HK Ropes 13.

Storos, Etc.

alty Forms 105, 10.

a) cb, E. Wat 24h, 204, 2754an.

Sineries Jan.

China Exporlára -91ân, Hun Co. Lid. 1.304.

Koon Sung Hong Ex.Div. Clin. Wing UniH) 40. Wm. Powell, £65, M».

Mlaastlaneous

Chinn Entertainments Iin. 11K Constructions, (Ok!) 21¤,

(New) 1.10. Vibra Tilinn 10.

Marrman Investhesia 0%-n. Als (HK) FAR. Shanghai.. Loán Top. Shanghai Explər „206, Tanglized N

Ewas, 2.656,

Gattons

Rubber, etc. Companies

Alma Eebates 22h. Anglo-Dutch 326, Anglo-Javas 15b, Batu Anuine 1240. Bute, Plantationy Gate, Chemor United sta Chair Hibbin ich, Consolidated Rabbim 1748. Dominion Tulders 60%. Java-Consolidateds" „958, Kuta Dabrón „056, 1;001. Kironwook Intan,2852b. Longkats 305 Flag Stabbers 10h, Repah Rožberit, „30%n. Ruller TruEL ZION. Kainased Trubberá tom. Semarotu lubbern“ „30h. Hhangbal Kollahı 4,058. Shangbal-Waldys 20 Shanghal Pahitig '.$0. Shanehal Bumstrie: 15, Sua Manzzle 100. Sangel Duris 18. Tanah Merah „Iob, 35% Tebop tabbers „lin.

Zlankbe Räbdura „Jún,

BUSINESS DONE

For

BU

that our

"It was essential to Bx the new

Informed sources say the main rate at a level that we could total earnings from exports would purpose of the import contfol hold: we can always let that rate, folk in consequence. That, in any law-to encourage local indus- go up if events prove that we case, we have now to curtail or tries producing essential com- have gone down a bit too low." surb our export activities in or modities has not been attained Or again, in the same context der to fit in the enhanced nema- becaure raw materials inported the Chancellor declared that it ment programme; and there could into the country for factories aro was imposible to forecast when be no neater way of trimming strictly allocated.

The President may take up u change in the terms of trade exports than by an all-round in! might permit a roturn lo the creuse in price brought about by the problem at the Cubinet meeti former exchange rate,

a rise in the exchange rate, ing or Tuesday-United Press.

Lot me remind you

The existence of a large volume

Case for revision Now such remarks, irrelevant is they may have appeared at the of external debt in the form of time, were not without sign- the sterling balances would seem ificance; and if they were, time to raise a powerful objection. Do to enhance the rcal nas a liabit of underlining them.we want

of the

and

NEW DEPUTY CHIEF OF ECA MISSION IN UK

London, September 4. Mr. Tremper Longthari of New York City Has been ap pointed Deputy Chlef of the Economic Co-operation Admin- isteáillen" (ECA) Mission to thic Unilco Kingdom, ECA · Head- quarters here announced.

I trust therefore I shall not he value of those obligations? But if regarded as irresponsible or misis salutary to remember that we chievous if I say at this juncture also have a large volume of ex- lernal dollar debt, and in any "What about it?"

What about raising the rate of case what could be more effective the 2 to 3 dollars for a stort? in inducing restenjut on the part There are a good many people of our creditors than the specta- this country who were not con- cle of the increasing in inter- vinced that Inst year's devolin-national value?

Admittedly the move would tion was Inevitable ar necessary, Some of them would press for n upset the gold market and be mattor highly unpopular in that quarter,

·reconsideration were it not that the untoward but gold producers are already events in the Far East seem to belha squeezed by the rising costs

Mr. Longning moves up from on inflation, render the moment Inopportune. concomitant

the post of Chief of the Industry But is it inopportune? Are not they will fare worse if it goes on. Division. He succeeds Abbot Low I am sorry to do so much re Moffat, who was recently ap- cirrent developments confronting us with serious questions about

inding. but to those of you who pointed Chief of the US. Specia the future of the currency?

think that only grandfather re- Technical and Economic Mission, There is a serious danger of a members when the £ was worth in Burma.

world intiation. Conerol

Need as much as $4.00 I would point

35. Longman joined the ECA for the in 1946. Before that he was a we be dragged along? I shudder out that in 1937 and at the views expressed

in greater part of 1038 it was run- America about inevitable inflation, ning around $5.00. At the butter in a New York brokerag and when I read in their merlous break of war I was landing atį Mr. John W. Kenney, heads Jotirnals of prodletions by official $4.00, and it was then slapped the ECA mission here but diplo- economists of a 40 per cent rise down to $4.03-and-pegged there:matic sources reported recently in prices, countered by the ar- None of these figures Was that he plans to resign iti rald- gument that controls would be sacrosanct, but then

fa September. noither In voice $2.80. Trio, used to disguise it, my

Mr. William L. Balt, one-time cconomy was shattered by the war, and you Vice-Choirman of the United won't expect me to claim that States war Producilon Board, has has been strengthened by Socialist been mentioned prominently in

· firm.

COMET JET LINER briments. But we are sill appeculation on Mr. Kenney's rue-

IS A YEAR OLD

Britain's plane of the future, tne de Havilland Comet fat airliner, is a year old.

considerable nation, and we don't have to undervalue ourselves or our currency,

What are the chances of any more? It would require & Govern ment of courage, Intelligence, 'imagination, and energy. It is an daniversary which is won't ad so far as to say I don' described by Socibly of

British Aircraft Constructors ns believe there's no such an animal, bringing a how source of power but I haven't seen any knocking to civil air use and assuring the around lately, Stül, keep the sub- future of jet transpott.

Within' nine. months of its matgen filght fu 1945, this air- cruft, the Brét jel airliner in the world as Copenhagen in

ofid, liss flown on routine tests

nd Nairobi in the

as

North

South

and

Jeet in mind.

NOTICE TO CONSIGNEES

ressor Associated Press,

NOTICE TO CONSIGNEES

Consignees per: HANDED WILHELMSEN

LINE

ms. TALLEYKAND” From JAPAN

bo

are hereby notified that their cargo is being discharged Into 3.5. "WAR HAWR"

'the HC. Faltbrión & Co, godowns, Kennedy Having arrived Hong Kong Lia's Lanet.

consignees of cargo are hereby Town Praya, Nos. 38 (No Not only has It introduced speeds notified that all goods have 1) and 47 (No. 3), where between 60 to 100 per cent greater been landed and placed at it will

nt cofisigneas than those of piston engined air- ferafi; it has also brought big im-their risk and expense into the risk and subject to the Wharf's provements in utilisation and sodowns of the Hongkong and tops and conditions of storage.

obtained. What Co, St at 103, 69 at 6439%, 100 Operating economics. On the same Kowloort Wharf and Godown and where delivery may be score, Its ease and shiplicity of Co. Ltd., where delivery may maintenance has proved n very be obtained as soon as the

Damaged packaged, are to be the airing goods are landed. strong attraction to

'left' in the godowns · for of- oficial and technician.

Coritet For the passenger, the

No claims will be admitted Þ amintition by Consignées and means smooth, quiet flight at after the goods have left the the 'Company"s qurveĝuis; neglite well above the waller

(* Direct business)

LTD.

1 Bunk 20kv #1,350, 20 at #1.120.

HE SCRI

China Provident 000 ni '49.00, Bhanghai Dock 600 na #290.

THE EAST ASIATIC CO., LTD.

M.S. "MORELIA"

NOW LOADING

M.S. "INDIA"

LOADING 9th SEPTEMBER

for

ADEN, POT SAID, GENOA, ANTWERP, BOTTERDAM, HAMBUED, OSLO, GOTHENBURG & COPENILAGEN

WILL ALSO CALE AT ALEXANDRIA.

THE

“ASIATIC CO., LTD.

Morila Voins Wharves 1,500 at $455,

11K Tram 500 at #10%, 100 x1 $10.60;

China Light (Old) 300 at 50%. (b) bot #670,-

Unity Farus (fishtay 1200 x 64 cents. All there advantages, only the sodowns or failure to attend Mesara Goddard & Douglas

820 at CG County, 30% as to gentnorles a year": Ngo, have been the survey, ལས་སྐལ

• 1,100 ke GG date,

Watson 100 at 32228, 200 mk #2944:

Al Nav, DOD at 82% octa Honekawa 68 at 98%.

Bfficer #1,000; 42 45,

Money Market

US dollars re-opened, yesterday lightly finer than Saturday Notes, opened at HIKE6:32, and closed: at: 80-2194

TT opened at HK60,30% and closed at $0.87 14.-

Industrial gold also flimed up

ut 10 a.m. 61 September 4, 1050.

shown as practical facts By All broken, chafed and dami- Comot flight trials;

aged goods are to be left in To comply with the General Next year, the first passengers the godown where they will be Bonded Warehouse Regulations, on the Comer will be making examined in the presence of consignoes must hard #: Bo gillar across the world:

AMERICAN PRESIDENT LINES

The Global Fires.

St George'n Bidk.

Tal: 09175/4,

TO HONOLULU & SAN FRANCISCO via JAPAN

Gen. Gordon

Prea, Wilson

Pres. Cleveland

Arr:* Dept. · Salle. Sept.

TO SAN FRANCISCO & LOS ANGELES

Art

Art

19 Sails Sept: 20.

Balls Oct. 16

Oct

via JAPAN

Pres Taft Prix. Madison “.

Bont. 13.

Arr. Dep. 12 Balle ARE. Sept. 10 Sails Вер. 10

נו.

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC EQAST & PANAMA

Oct. + Fillmore

Ker, Oct. 6 Balls Peta

Arr Pros, Tyler

Qet.

22 21. Ball Oct.

ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, BUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and

DOSTON

Pros. Van Buren“ Pros Jefferson

Arr.

22 Sept. 21 Balls Bapt.

Galla Arr, Sept. 24

Sept. 26 * OMITO MANILA, KAR ACHI & ALEXANDRIA

BEN LINE

SHIP "BENATTOW" "BENCRUACHAN" #EENVANNOCH" "BENCLEUCH" "DENVORLICH" "BENMACDHU)" †"BENARTY"

"BENALDER"

"BENCRUACHAN" "BENVORLICH'. "BĖNALDER"

"BENVANNOCH"

"BENATTOW" "BENCLEUCH”. "DENMACOHUIT

AND

ARRIVALS

· FROM

U.. via singapore

SAILINGS

In Port

8th Sept.

on or abt. 22nd Sept.

London, Antwerp, Rolterdam, & Kamburg,

London, Afwerp, Rot- terdam & Hall,

Liverpool, Dublin,

Rotterdam.

Glasgow, Antwerp

25th Sept.

15th Oct.

29th Oct.

7th Nov.

1206 Nov:

Loading on or abt.

12th Gepte

19th Oct...

10th Nov.

...

26th Sept.

Buoy A-14.

28th Sept

31st Oct.

Via Singapore, Colombo, Port Budani, Adan, & Suax Canal, tAccepts Cargo for Japan,

-་་ ༼

·For · Further Particulars, Apply To- ' -W.-R. LOXLEY & CO. (CHINA) LTD. Agents

York Buliding.

Telophone: 34165,

HOLLAND-EAST ASIA LINE

S.S. "MELISKERK "

LOADING 10th SEPTEMBER

FOR

MANILA, SINGAPORE, ADEN, SUEZ, PORT SAID; ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, BOTTERDAM, AMSTERDAM, HAMBURG;

COPENHAGEN, GOTHENBURG and OSLO

Agents:

ROYAL INTEROCEAN LINES

King's Building, Continught Road, Tels. 28013, 28010, 28017.

Jant than the production line 24 slegere Goddard, and Douglas venue onder intendance WEEKLY CHINA MAIL”

are, exămitțio

Betfeld will be, turning out com on September 9, 1950, at 10 when damaged dutiable goods Distod aircraft, Already, exactly a.m in year after the prototype, the second Comet is walling on the tarmae to iako is Initiat fight.

NOTICE

S.S. "BELAPUR

To comply with fie General No diafına will be admitted Bonded Warehouse Regula after the goods have left the tions, consignees must have a stondera gódókra," and all Revenue Officer in attendance goods" remaining undelivered when examining damaged duti-after September 5, 1880, wat able goods. All claims against bo, subject to rent lho, vessel must be presented

to the Undersigned within All Solaiman agukat a the after whale opening at HKS-- Nolice, is hereby given that courtant days; of; the whip's "atounfter must be sretan od to 206.36 *Wel. At the close it all accounts for. Hoods suppiled arrival, or they will now, be was $200; Thicke were due lowest and services rendered to the recognised. and highest väter of the day. above" stormolipolar to Noon Sterling war two cents higher on 4th September 1980, should "Austrailah poundr guided dirée be presented to the under effected. cents and were:TYOJIOR RÉTTUGAN sighed for settlements not later 12.100 EUR 52 pune kya kesha than 9th September 1950. 7 Plastron Fontinuad· nosilaznă: at

nt HK16.65VON

▼ 2107.30m=400)

No fire insurance will be

WALLE

the Undanighed off or "batore September 12, 1950 or they with not ronogulaqdə

No Fire Krugaranou. will

DODWELL & CO., LTD.

Hong Kong, Sept.) 4, 11950,

Hang trong sin

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

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