1950-09-08 — Page 12

R.I.L.

ROYAL

INTEROCEAN.

LINES

℗ SINGAPORE, JAVA

PORTS and

MACASSAR

ARRIVALS BAILINGS

"TABMAN”

"TJIBESAR”.

"VAN HEUTBZ"

."TJITJALENGKA"

In Port

7th Sept.

19th Sept

only to B'pora, Penang & Bel Deli

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

"BOIBSEVAIN"

"STRAAT MALAKKA" "STRAAT BOENDA"

"TJIBADAK" •

"TJISADANE"

9th Gapl.

11th Sept,'

24th Sept.

SAILINGS

ARRIVALS

11th Sept

14th Sept.

17th Sept.

18th Sept. 0th Oct. 12th Oct.

20th Oct,

⚫ not calling Manila and Bouth Amerlan

JAPAN

"BOISSEVAIN"

"BTRAAT MALAKKA"

"TJIBADAK"

"BTRAAT BOENDA"

"TJIBADANE"

ARRIVALS SAILINGS

0th Sept.

15th Sept. 9th Oct. 8th Oct,

18th Bapt. 22nd Sept. 22nd Oct.

Agents: HOLLAND-EAST ASIA LINE

EUROPË via MANILA

and MALAYA

"MELISKERK"

"MEERKERK"

"RYNKERK"

fused

Through BB/L

Mediterranean and Northerm

European ports.

JAPAN

"MELISKERK"

"MEERKEAK"

"AYNKERK"

THE CHINA MAIL, FRIDAY, SEPTEMBER 9, 1980.

FINANCE AND COMMERCE

Indian Finance

Finance Minister addresses World

DIVIDEND DECLARED

Directors The

of tho Chartered Bank of India, Australia and India have de clared an interim Dividend for the current year of six per cont actual, subject to Income Tax. Dividend will be payable on September 20.

The interim Dividend paid on October 1, last year was six per cent less Income Tax.

AGREED MERCHANT RATES

Maximum Selling.

Minimum Ruzinu.

Bank

Paris, September 6.

The Indian Finance Minister, Chintaman Dosh-

mukh, Chairman of the. Board of Governors' of the International Monetary Fund and the World Bank, told the financial and econo- mic leaders of 49 countries hore today, "It is still to be hoped that clearing political weather will divert public expenditures from military to peacetime purposes”,

"Some of the current inflationary pressures would

then be short-lived," he continued. "Meanwhile, a way must be trade and promoting the move- found to continue and supplement of capital for produclive ment in other parts of the world the great work which it has been possible to undertake with the help of the Marshall Aid Programme.”

Mr. Deshmukh Bleeding (indirect Berling 1/12 aber audience of about 600 in the flag

spoke to an than London rate for the Vance

draped assembly hall of the Bank Involved

of France where the fifth annual) meeting of the Board of Governors of the Fund and the Bank is taking place.

17 Y/G & vo days,

1 / 120 dura.

ARRIVALS

SAILINGS

in Pori,.

early Oct.

12th Bept. early Oct. Garly Nov.

1/2 1/H

1/2 81/21 T.T. 1/2 0.U.

1/3 1/32 50 days.

Sterling (as Atelen);

1/2 7/8

11th Sept,

early Oct.

early Nov.

11th Sept. early Oct.

1/3 1/18 O.D. I under

1./Credit. 1/1/8 U., without

1./Crell. 1/320d up every

30 y. Bering W Africa & Windlea);

*1/2 7/8 1/3 1/4 0.3, if under

1/Chil

YKINGS BUILDINGZEI CUCEHONESTEC80138705280178

2

TEL WORLD

ISTHMIAN LINE

(Isthmian Steamship Company, New York)

DIRECT MONTHLY SAILINGS TO NEW YORK

VIA LOS ANGELES AND PANAMA

"STEEL SURVEYOR”

SAILINGS TO SAIGON, BANGKOK &

1/3 5/16 0.0, without

1/Credit.

1/32nd

ty every

20 Ja

.

Stupres (fnikla) }

* 5/8

83 0/10 T.T.

25 13/16 0.0.

8 15/16 30 days,

84 1/8 3 & 30 days,

15/16 90 days.

Rupert Aden):

HJ G/K

24/18 0.5. If under

1/Credit. 81 5/15 U.D. without

1/Credit, 19/10 10 days.

Rupee

(Rangoon):

# 3/8

NO 3/1 T.T. NO.D

́ 4 60 days,

1 a 30 daya.

27th Oct.

Rupees (Pakistan):

27 1/4

+

67 15/16 T.T.

BX Q.1).

5 1/8 30 days,

BA 1/4 Go days,

DJAKARTA (BATAVIA)

Malaya:

63 13/10

"STEEL AGE"

.22nd Sept.

.21st Oct.

ARRIVALS FROM U.S.A.

"STEEL SEAFARER"

"STKEL AGE"

"STEEL SEAFARER”

Balls N. Y. Salls S.F. Dur H.K. Sulled Saflod 21st Sept. .12th Sept. 29th Sept. 20th Oct,

GİLMAN & CO.,

Tel: 31140

LTD.

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

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPE

4th Oct.

m.y. "TONGHAI"

SAILINGS TO EUROPE

m.v. "BENGAL" m.v. "TONGILAI"

5th Oct. .29th Oct.

FOR

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,

ANTWERP, BOTTERDAM, BREMEN, HAMBURG, COPENHAGEN, OSLO & GOTHENBURG

Deeptanks available for Bulksil

GILMAN & CO., LTD.

Tel. 81146

THE EAST ASIATIC CO., LTD.

M.S. "KVERNAAS”

LOADING ABOUT 27th SEPTEMBER

for

ADEN, FORT SAID, GENOA, ANTWERP, BOTTERDAM,

HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

THE RAST ASIATIC CO., LTD.

G15/16 T.T. & O.D. 10 việc tuy

51-1/2 60 days. 17.8, Dollars every within one entender math 1/16 dawa per calcular mouth thereafter):

17 1/2 TT. & O.D. 17 / 10 nyn,

17578 80 10 days;

17 5/16

Canedar

JR Australia;

1/8 1/2

10 1/4 TT. & 9.D.

New Zealand) 1/2 7/8

3/0 13/16 T.T.

1/61/9 0.1).

1/3 1/8*TT,

1/8 3/10 0, N.8-Sterling rolling rates for delivers within two montha with a cut of 1/32nd | for every further there mostly forward.

NOTICE TO CONSIGNEES

From PERSIAN GULF. KARACHI, BOMBAY & STRAITS

Consignees per Ship

.. "HALIGONIAN QUEEN"

The conference will last 11 days.

After speaking of the achieve- ments and hopes of the Bank and Fund, Mr. Deshmukh seld, "But what shall we say of the Bank's clouds on the horizon?

"First, I would say this: that we must elling to the desire for peace and our will to promote economici progress with courage and deter- mination.

to search

"We must continue for every means of improving | International economic, as well as

political, relations, not omitting to inaintain the Fund and Bank as constantly available instruments of economic co-operation,

Ꭼ . "Secondly, in economic planning, we must try to detect which of the prevalling forces have basks and long-range signi-1 ficance.

Heavy strain

|

urposes."

and

He welcomed Pakistan Ceylen, the two mest recent mem- | bers of the Fund and Bank.

When the articles of agreement Brction were first conceived at foreseen Woods, he said, none could have and oll the stresses strains through which the world had had

pass,

"Our endeavours must, there- fore, be increasingly directed to- wards ensuring that, consistent with the letter of the articles of agreement but much more so with the spirit and vision that activated the founders of the two institu tons, our practices and policies that are shaped in such a way the varying needs

member countries are adequately met.

of

New complications

"I believe that the experiences! of the Fund and the Bank overi The last few years have matured. and strengthened both of them: for those purposes.

For

"The events of the past year have added fresh complications to our international financial affairs. "Immediately after our last meeting, historic currency cralign= menis were begun. During the winter, and later, there was much pre-occupation with new machin- In the trade. liberalising cry

Korca Rummer, events in

in- creased political tension, and we the many are confronted with conflicting economic pressures and cross-currents that have resulted.

Mr. Deshmukh also made these of the Fund points, "Members

mul- have before them the goal of

toward tilateral

convertibility which the Fund's policies art directed, and the plan for

Euro- has to be Dean Payments Union has

The Fund this light should maintain an active in- Lerest in this and any other pro-

with

payments Mr. Deshmukh also said, "We posals for dealing

# regional basis. must not deny to the millions, problems on

"For further

progress in the direction of multilateralian it

"We face

a period of heavy strain on financint and monetary institutions. Considering

the the effects of the functions of Bank, we must recognise that nothing has detracted from the validity of the porated in the Bretton Woods agreements, despite the fact that scen in

purposes incor-

so many obstacles prevent from fully achieving them.”

the

bo

interests

IL

Hong Kong Stock Exchange

HK Govt. Keans 4% Loan 08

1st Lasn (1954 2010) 9olan,

3 Lowa (1949) 935bn.

Danks

K&Shankhat Bank 1.120n.

(Lon. Br.) £72. Chartered Bank 40 1/30. Mercantile k. A. & 1. Ex.Div. £ELA. Bank of Bark Asla 191b.

insurancda Canton Ine, 220, 230. Union n. 6245, 620, Chlox Upderwritern 90. IH Fire Ins. 145u.

Douglas 180.

Shipping

HK & Maeno Steamboala 1ls. Indo Chine (ref.) 12.

(Det.) 18.

Abella (Beater) 13/1lán, Union Waterboats 180. Aula Nar. .q241⁄2b. .62mm,

Docks, Wharves, 'Godowns, Eto. IK & Kowloon Wharves 7b, 70. North Point Wharves 4b, Album, Shanghai Hongkow Wharves Sb, HK Docks 12% n.

China Providente 0.805. 0,00%, S'hal Dockyarde 0.185, 0341, 2.10/-20mm, Wheelocks 10.

Mining

Haub Bines 4.700. HK Miner .01%,

Lands, Hotels and Buildings

BK Shanghal alotele b. HK and 4

Bhanghel Lenda 1.10.

Rumphreys 1.200.

1K Realties 1.001.

Chinese Estates 118.

Pubile Utiltiom

IK Tramway Ex.Div, 10.80b. Peak Trasa (Old) 10n.

(New) n.

Star Forti 00%.

China Light< (0}A) 9.80b.

(Naw} 811⁄2b.

I tries Éx.Div, 2015, 20žiem. Hacao Electrics 105.

(Now) 10tin.

(konur 85.) 1015m. Bandakan Light 6in. Telephones 9.301,

(R) 200 Shangbal Gas 11⁄21⁄2e

Industrials Cald. Maeg. (Ord.) 21ân. Canton ice 1400, Cemani 8.80, St.

HK flopen 18.

Stores, Etc.

Dairy Farme stb, 10!ax, Ian.

Watsons 2266 224, 20lian. L. Crawfords 206. Blaceren an.

China Emporium 434an, Bun Co. Ltd. 1.70n. Keane Barr 1lane 104 Wing On (HK) (07. Wm, fowell, Lid, Sn.

Miscellaneou

China Entertainments

in.

who hope for a better world, fulfilment of the

these ot promise

HK Constructions (Did) 230. two institutions that international is important to follow sound in-

(New) 1,40. Lernal policies. But

But while, in the Vibro ng 10. prosperity, and peace, can

of internal and external Marsman Investmenta V/-n. achleved co-operative effort"-

Maraman (HK) 10. Investment must be kept Earlier, Mr. Deshmukh

Bhanghai Loan 70b. 10am. pressed "the earnest desire of my

moderate limits, it must be

hanghai Explor, Züb. Government to give full support

Yangtames J.

by

ex that,

in the less deve-

to the Fund and the Bank in their leped countries, investment can- main tasks of facilitating the not be curtailed drastically-with- balanced growth of international out possible detriment to their

NOTICE TO CONSIGNEES

From JAPAN Consignees Per Ship m.s. "SANGOLA".

económle proFTERS and, consc. quently, to their political and so- cial stability.

Task not easy

"Our approach to this problem must, therefore, embody a positive and dynamic appreciation of the

needs of member countries follow-

This will be no easy task for, as compared with the more ad- vanced countries, particularly of the West, there are many and varied factors which have to be taken into account in the under- developed countries.

are hereby notified that their are hereby notified that their cargo will be discharged into cargo will be discharged ng from structural differences. the Hongkong & Kowloon the Hong Kong & Kowloon Wharf & Godown Co., Ltd. Wharf & Godown Co., Ltd., where it will He at consignees where it will lie at consignees risk and expense and subject risk and expense and subject to terms and conditions of to terms and conditions of storage of the Hongkong & storage of the Hong Kong & Kowloon Wharf & Godown | Kowloon Wharf & Godowni Co., Ltd. The cargo is expect Co., Ltd. The cargo is ex- ed to be ready for delivery pected to be ready for delivery from the Godown on and afier from the Godown on and after September 8, 1980.

September 8, 1950.

-

Cottons

"Ewok" 2,856,"3.Ma

AMERICAN PRESIDEN LINES

The Global Flori

TO HONOLULU & SAN FRANCISCO

Gen. Gordon

Proz Wilson

Pfc. Cleveland

vig JAPAN

Arr. Oct. 20 Arr Sept. 19 Arr. Oct. 18

Ball' Oat. Sails Sept Bails Oct.

TO SAN FRANCISCO & LOS ANGELES vio JAPAN.

العالم

Pros Taft

Pres. Madison

Aer. Sept. 9 Smile Bopt, 11 ...Art. 3ept. 18 Balls Gdpl. 19

TO NEW YORK, BALTIMORE & BOSTON

via PACIFIC COAST &ʻPANAMA

Pres Pros. Tyler

Fillmore

VIA MANILA,

Art.

Sopt. 20

Omile

Arr Oct.

Ballo

Bapt. 27 Oot. 22

ROUND THE WORLD

SINGAPORE, COLOMBO, COCHIN,

BOMBAY, KARACHI, BUEZ, PORT SAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK 'and BOSTON

Pres. Van Buren' Pres Jeffarian

Arc Sept. 21 Balls, Sept. 22 Arr.

Baile Sept. 24

Gept. 25 *OMITS MANILA, KAR ACH! & ALEXANDRIA

Tel. 28172/1

St. George's Bldg.

༣༥་་

BEN LINE

SHIN "BENCRUACHAN”- DENVANNOCH? '"BENGLEUCH"

"BENVORLICH" "BENMAGDHUI”

+"BENARTY"

"BENALDER" "BENAVON"C

**BENCRUACHAN"

"SENYORLICH" "BENALDEN"

"BENVANNOCH"

"BENCLEUCH" "DENMACDHUI"

"BENAVON”

ARRIVALS

FROM

V.K. via Singapore

SAILINGS

DUS

8th Sept.

on or abt. 22nd Bapt.

25th Sept.

16th Oct

29th Oct.

7th Nov,

12th Nov.

"

26th Nov.

. 12th Sept.

Loading on or, abt.

London; Antwerp, Rotterdam, & Hamburg

London, Antwerp, Rot- terdam & Hull,

Liverpool, Dublin,

19th Oot.

16th Nov.

25th- Qeph.

28th Sept.

31st Oct.

Rotterdam.

30th Nov.

Glasgow, Antwerp

Via Gingapero, Colombo, Port Sudan, Aden, & Suez Canal, 1Accepts Cargo for Japan.

For Further Particulars, Apply To--

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

Agents

York Building,

↓

Rubber, etc. Companies Alma Estates 128, 14m Anglo-Dutch 18h. Anglo-Javes .16b.

Batu Anamis 12% n Bute Plantations .. Chemor United $0.

Cheng Ruiters .186. Consolidated Rubber 1.85b. Dominion Rubbers .40. Java-Consolidateda „Dün. Kota Bakros 'In.. Krowwork Javna láŋ. Lanphata 30h. Padang Rubbers 10m. Repah. Rubbern „183⁄4ha. Rubber Trimla-2b. 2.20s. Bamara Rubbers .. Semambu Rubbers 30. Shanghai Kedahu 4.05m, Shanghai-Malaya 10m.) · Shanghai Pabang Xữa. Bangkal Sometres Ib. Bua Maggie Ion, Bungel Durla 185.

Tanah Merahu „43), „471⁄4%/40sm, Tebong Rubbers „lin.. Zlanghe Rublæru „8011.

BUSINESS DONE (Direct business). Union In 1620. Wharf Co, 121 m 470, 80 'STD, North Paint Wharves 1,500.mk $4%. China Providrat 506 at 39.90. Bhanghal Dock 1,000-at $3.15, #205 at

· 85,10, *400*ut $7.20, 1,808 al 03.20. HK Electric Ex.Div., '800 at #2016, 100 at 120%. 600 mc #30%, 100 !$2014.

Cement 1.000 ** 183⁄41⁄2..

2008.10.

"It seems to me that time is of| the essence of the problem.

I realise that development is accessarily long-term, but sv must make sure that, in the meantime, for want of essential which Cargo is considered as be- Cargo is considered as being assistance, the economics

not grow ing accepted in good order and accepted in. good order and we seelt to sustain do

wenker. condition by consignees, unless condition by consignees, unless broken, chafed and damaged broken, chafed and damaged effectively cater for their require

"How our two institutions can packages are left in the Go packages are left in the Go-ments is, I suggest, a matter down for subsequent examina-down for subsequent examina which requires urgent attention. tion by Messrs. Goddard & tion by Messrs. Goddard

Later, Mr. Deshmukh sald; "The Douglas in the presence of Douglas in the presence of need for assistance by many couns consignees, at 10 a.m. on❘ consignees, at 10.m. on tries may not always reflect itself September 12, 1950.

September 12, 1950.

in the first Instance in the balance of payments. difficulties.

·Dairy Farní'1,050°a£*$10,' *2,000 ml $10, To comply with the General To comply with the General

is required, it seems, is "What is

Walon 109 at 421%, 69 at 8271%, 100 Warehouse Regula- a net addition to Inevitable Bonded Warehouse Rogulation, Bonded

al $221. consignees must have a Re- tion, consignees must have a sources and, from the purely

point

Dally. Faros (Righta). 166 at 60 rents, Officer in attendence Revenue Omeer in attendance economie

of view, It is per-1

**,000 at 00 centí, 4,000 at 40 cents., dutiable goods are haps when duiable goods are ex- when

Emporiumba $1,000 (2€ 99%. immaterial whether the ex- ternal contribution takes the

Bhanghai Loan 2500 at 10 cents. amined.

examined.

form of foreign

Tanah Meraha 4900) at 413 omele exchange for All damaged.

All damaged cargo claims direct expenditure abroad Grisleg Asia Nav, 500 at 6114 conte.

́1,000 at 14 center cargo claims against the steamer. must be against the steamer must be from investment programmes or presented to the undersigned presented to the undersigned from the induced foreign expen- before September 28, diture which may appear only at опог before September 28, on or

a larger stage," Mr. Deshmukh 1950, or they will not be re- 1950, or they will not be re- cognised.

cognised.

concluded-Router.

No fire insurance will be No fire Insurance will be effected.?

No claims will be admitted No claims will be admitted S.S. "BELAPUR” afler the goods have been after the goods have been taken delivery of ex ship's taken delivery of ex ship's

Notice is hereby, given that side or alternatively ex the side or alternatively ex thall accounts for goods supplied Hongkong & Kowloon Wharf Hong Kong & Kowloon Wharf and services rendered to the & Godown Co.'s premisen

venue

effected

NOTICE

Money Market

US dollars opened yesterday AP HK$0.34% and closed - at $0.3413, after an Interval at 36.351

TT opened at: HK$6,40′′ und- closed at: 46.38%. Those were the highest and lowest rates.

Industrial. gold opened at ntuel, dropped to HK$500

& Godown Co.'s' premises un unless a joint survey, has: pirów (abdve steamer ́ prior to Noon $209.75, went up again to $301,

less a joint survey has previously been affected. viously been effected.

MACKINNON MACKENZIE

·M/CO.

on 4th September, 1000, should be presented to the under MACKINNON MACKENZIE #igned for settlement not later

than 3th September, 1950,

T. 24111 & 34112.

Agents, B.I. S.N, Co., Ltd. Hong Kong, Bept. 8, 1980,

& CO., Agents, B.L. 5.N: Comp Lud!! 1950. Hong Kong, Sept

WILLIAMSON COM LTD.

and closed at $300.25% 100M

sterling opened int. 105815.09 and closed twp,cents, higher....

Australian pounds, in a further climb, reached): $12.50, after opening at 11KARI BANK

Pinstrad bontinued nominal at ICF13100702

Ticalist HK$24/30 100, nd NEIL Gilders at 24 HK63

BRITISH

Telephone: #4183,

INDIA

STEAM NAVIGATION CO., LTD.

S.S. “HALIGONIAN QUEEN”’

LOADING 12th SEPTEMBER

STRAITS PONDICHERRY BOMBAY

FOR

MADRAS COLOMBO

KARACHI

and

PERSIAN GOLF PORTS

For rates and full particulars apply to

MACKINNON MACKENZIE & CO.

P. & O. Building

TOL 27721/4

“WEEKLY CHINA MAIL”

CONTAINING ALL THE LOCAL NEWS

OF THE WEEK FROM THE "CHINA MAIL" & "SUNDAY HERALD""

Price 50 Cents

ON SALE EVERY THURSDAY.