1950-09-12 — Page 12

Parto 12

R. I. L.

ROYAL

INTEROCEAN

SINGAPORE, JAVA

PORTS and

MACASSAR · ·

"TJITJALENGKA"

"VAN HEUTBZ"

"TASMAN"

ARRIVALS

19th Sept

2nd Oct.

5th Oct,

only to S'pore, Penang & Dei, Dall

MANILA, EAST &

SOUTH AFRICA &

SOUTH AMERICA

ARRIVALS

"STRAAT MALAKKA”* ...

"STRAAT BOENDA"

14th Sopt.

TJIBADAK"

20th Gent,

20th Oct,

LINES

SAILINGS

24th Sept.

10th Oct,

10th Oct.

SAILINGS

18th Dept. 9th Oct.

12th Oct.

"TJISADANE"

not calling Manila and Bouth America

ARRIVALS SAILINGS

• JAPAN

"STRAAT MALAKKA"

"JIBADAK"

"GTHAAT SOENDA"

"TJISADANE"

16th Sept.

9th Oct.

uth Oct.

21st Sept. 22nd Sept. 22nd Oct.

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

ARRIVALS

"MELISKEAK"

"MEERKERK”

"RYNKERK"

early Oct.

SAILINGS

12th Sepf, early Oct. early Nov.

Through D/L issued to

Mediterranean and Northers

European porta

JAPAN

"MEERKERK" "RYNKERK"

early Oct, early Nov.

early Oct.

SPKING'SEBULDINGSLELEPHONES/200 1390920178

|BI SACHINGSCLADONIŠĶORE LOANAHONES ROMIZER FEINE119) 2013.

ISTHMIAN LINE

(Isthmian Steumship 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"

"STEEL SEAFARER”

.22nd Sept. 21st Oct.

ARRIVALS FROM U.S.A.

"STEEL AGE"

"STEEL SEAFARER”

Salls N. Y. Sails S.F. Dur H.K. Sailed Safted 21st Sept. .12th Sept. 29th Sept. 20th Oct.

GILMAN & CO., LTD.

Tel: 31146

Chinese Freight Agents HIN FAT & CO., LTD. Telsi 28823, 25653 & 23483.

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM EUROPK

m.y. "TONGHAI"

4th Oct.

SAILINGS TO EUROPE

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

2nd Oct. 29th Oct.

FOR

ADEN, FORT SAID, GENOA, MARSEILLES, CASABLANCA,

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

Deeptanks available for Bulkeil

GILMAN & CO., LTD.

Tel. 31148

THE EAST ASIATIC CO., LTD.

M.S. "KVERNAAS"

LOADING ABOUT 27th SEPTEMBER

·for

ADEN, PORT SAID, GENOA, ANTWERP, ROTTERDAM,

HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

THE EAST ASIATIC CO., LTD.

Queen'à Bldg., 2nd flear -

Tel: 24111 & H4111

THE CHINA MAIL, TUESDAY, SEPTEMBER 12, 1950,

FINANCE AND COMMERCE

Monetary Fund talks Hong Kong on gold & exchanges

METALS MARKET REVIEW

New York, September 10. "Zine stole the show in the non-

ferrous incials market this week. It Jumped 2-4 cents a pound oft Thursday to regain its post-war high of 17-14 cents. Lead followed on Friday with a one cent a pound go to 16 cents.

Copper prices were strong, wild bull pressure growing. Quick silver moved higher, and tungsten ore went up again for the second week in a row,

Many metals were in tight sup ply and the market feared grow ing shoringeя

Paris, September 10.

The International Monetary Fund's policies on

gold and exchange restrictions will be dis cussed in closed sessions here tomorrow when the Board of 49 Governors of the Fund.racon- yones in committees after a week-ond ad- journment of its fifth anual.session. An informal panel discussion of representatives of the International Bank for Reconstruction and Development will be held in the afternoon.

A cardinal policy of the tlon tended to deprecale Internn-; Fund on exchange restrictions tonal transactions in gold at pre- is the establishment of a mul-mium prices, tilateral system of payments in respect of current transac- tions between members and the elimination of foreign ex- change restrictions.

But some financial observers here belleved that the Fund felt that no very conviting case could yet be made out on the basis of present economic condi- Confused price listhus marked tions for pressing members of

the

10 ubandon their restric Most pro- the copper market.

tiona forthwith and Assume at ducers and custom smelters quot- TIR

once the obligations of multi. od 24-ly cents a pound,

Majer non-ferrous metals prices lateral convertibility.

Fund

According to those observers the Fund felt that any change on its gold policy that might divert additional amounts of gold from monetary reserves into private hoards would be undesiraife.

They said that as in many parts of the world there were markets in which foreign exchange was dealt in at off-parity rates any extension of premium gold tran- sactions was likely to encourage

greater volume of such exchange; dealings. This

might not only be unsatis factory from the point of view of Some financial observers here exchange stability but might also normal Comer, 22.50 to 24.50 cents a today said that the latest develop cause distortion of the pounit. Councelleut Valley, foreignments in the international situa- pattern of trade and so advemely 24.50 cents, New York,

tion would make the progressive affect the commercial Interest progress of abandoning exchange of a number of countries.-Router. restrictions even more difficult.

were:-

Lend, It cents a pound New York, 15,00 cents, St. Louis, fore-

ig 16 to 15.25 centa nominal, They felt that this was due to Gulf of Mexleo ports,

the evidently increasing tendency Aluminiu 17.50 cents a pound, for a number of Western European ingots shipping. point, Pigs, 16.50 and other countries, including cents.

Britnin and the United States, to

Antimony, 31.78 cents a pound, increz

NOTICE TO CONSIGNEES

m.v. "IGADI"

Having arrived Hong Kong

ensed New York, 2050 cents hulkerense their rearmament pro- | consignees of cargo are hereby

Laredo, Texa

Manganese, 48 per cent or nearly contrarts 70.8-81.68 centa a long ten unit of 24 lbs, nominal elt US ports duly paid.

Ferromanganese, 76 to 02 per erit nunganese, $172 to $175 gross ton, shipping point:

Nickel, 48 centa a pound elec- blytic cathodes, Port Colborne, Ontario 51.22 cents, New York.

Platinum, 500 an ounce nominal, 500 nominal retail, New York,

Sliver 72.75 cents an ounce, New York, 63 pence London,

Tin. #cents a pound, New You k.

Tungsten ere $31 to $32 a ton New mit 20 lbs. nominel, York,

Domestic sheelite, $32 delvered. -Associated Press.

Iraq finances in good position

Baghdad, September 10. The Iraqi Finance Minis- ter, Abdul Karim Al. Uzri, told a Press conference-here that his country's finances were today in a good posi- tion."

Reviewing his Ministry's acti- vities since taking office seven months ago, he said that the com- merelal crisis which had thren- tened them some months ago had been "nearly eliminated".

as soon

tramines.

Some observers, felt that as a notified that, all goods have result of the recently announced been landed and placed ot rearmament programmes the their risk and expense into the Sterling

and non-dollar areas' godowns of the Hongkong and deficit with the dollar area, parti- Kowloon Wharf and, Godown cularly with the United States. Co., Ltd., where delivery may may be reduced and the Sterling- be obtained

as the goods are landed. Dollar gap bridged closer.

No claims will be admitted after the goods have left the Their reasoning for this was godowns or failure to attend

United States that the

might, the survey. because of its rearmament pro- grumme, increase is buying of raw materials necessary for its rearmament industry-from the Sterling and non-dollar areas.

Rearming effect

The Increase In rearmament programmes would mean same decreass In many consumer goods which the United Stat now exporta to non-dollar ardas: and comparative non-availa aommoditio

of these

'would

mean nome reduction of dollar expenditure for soft Currency arena.

Observers considered that the rearmament programmes of some of the Western countries of the Sterling and non-dollar arcas might lead to some of their pro- ductive capacity being earmark- ed for their own rearmament In- dustries and so, decrease. exports to the dollar areas.

On the Fund's gold policy some observers said that the organisa-

All broken, chafed and dam- aged goods are to be left in the godown where they will be examined in the presence of Messrs. Goddard and Douglus on September 14, 1950, at 10

a.m.

To comply with the General | Bonded Warehouse Regula- | tions, consignees must have a Revenue Officer in attendance when examining damaged duti- able goods. All claims against the vessel must be presented to the Undersigned within fuurteen days of the ship's arrival, or they will not be recognised.

insurance__will_be ..their

import licence scheme to give more security to traders,

No fire effected.

WALLEM & CO.,

LTD. Agents, Telephones 38041-5.

He had provided in the budget: Hong Kong, Sept. 11, 1950. (1) Allocation of £1,500,000 for small irrigation and other de- velopment projects.

They had curtailed unnecessary (2) An Increase in capital for expenditure and imposed some each industrial and agricultural; additional taxation to stabliksabaak from £500,000 10 £1,000,- their economy.

Iraq had also instituted a new

000-Reuter.

NOTICE TO CONSIGNEES Consignees. For

3.5. "DENCRUACHAN"

NOTICE TO CONSIGNEES

CONSIGNEES PER

BARBER WILHELMSEN

LINE

m.s. "TITANIA”

'

that

NOTICE TO CONSIGNEES

Consignees Per STATES STEAMSHIP CO.

are hereby notified that their Are hereby notified 9.8. "OREGON"

cargo is being discharged into their cargo is being discharged the Hong Kong. & Kowloon Into the Hongkong & Kowloon are hereby notified that their Wharf & Godown Co.'s go- Wharf & Godown Co's godown cargo is being discharged into down, where it will be at Con- where it will be at consignees the Hongicong Kowloon signees' risk and subject to the risks and subject to the Wharra Wharf & Godown Co's godown Wharf's terms and conditions terms and condition of storage. where it will be at Consignees of storage, and where delivery and where delivery may be risk and subject to the Whart's may be obtained.

obtained. terms and conditions of storage, and where delivery may be obtained.

Damaged packages are to be Damaged packages are to be Jeft in the Godowns for exam-left In the godowns for ex- ination by Consigaces and the amination by. Consignees and Carmichael & Clarke, at 10 Messrs. Company's Surveyors, Messrs, the Company's surveyors

Goddard & Douglas am. on September 13, 1950.

Damaged packages are to be left in the godowns for exam ination by Consignees and the

at 10 am. on September 16. Company's Surveyors, Messrs

1950. Carmichael & Clarke at 10

To comply with the General a.m., on September. 14, 1950.

Bonded Warehouse Regulations To comply with the General

Warehouse Regula To comply with the General Consignees must have a Re Bonded

Oficer. In attendance tions, consignees must have a Bonded Warehouse Regulations Consignees must have a Re- when damaged dutiable goods Revenue Officer in attendance when damaged dutiable goods venue Oficer in attendance are examined when damaged dutiable goods No claims will be admitted, are examined.

are examined.

venue

after the goods 'have left the

Stock Exchange

HK Govt Loxne

47% Ian 10045.

Bi

Loan (1924 & 2040) Dan. #156 Town (3968) 92!40.

Banks

IK A Banghal Tank 1,19mm. (Lon. Reg.) 70, Chartered Bank 29 1/16n.

Mercantile Bank A. à 13, £20. Bank of East Asia 101b.

Insurances

Canton The, 210n.

Union Ina, dieb.

Chins Underwriters Sn.

HIK Fire Ins, 143m.

Shipping

Douglas 1800.

HK & Mocno Bleombrate 15. Indo China (Pret.) 12.

(Def.) 5. Shells (enteri 21/10. Unlan Waterbosti 19. Asin Nuy, 621jh, #21911. Docks, Wharven, Godowns, Etc. JKowloon Wharvce Tib. North Polat Wharves 4544 Khanehal Hongkow Whatyen 68.

Icke 12% n

China Providenis 18h, 10an. Bhnnthal Dockyard 2b. Whertreks 11⁄2b

Mining

Baub Mines 4.70.

HK Mines #DAGA.

Lands, Hotels and Buildinga

RK & Shanghai Hunks 4.80b, Ta, 6.8548, UN Lande 541⁄2b.

Shanghal Laude 1.200, 1.20. 1lumphreys

h

Tik Renklen 1.PON.

Chinear Fatates itu.

Public Utilities

JIK Tromware Ex.Div. 10.tab, 10.04/"DEA. Trak Trans (018) 150,

(New) Ri

Elar Forris tilb.

China Lights (Old) 19,19%, 10/10.18km.

(New) 4.0, 7.20%,

HK Electrics Ex.Div., 21136, 21/21567ÝK Margo Electries 11348.

(New) 10%.

(Bonus Bb 103, Barvinkan Lights 8 n. Telephone 0.505.

(l.) 20. Shanghai fina Ilpa.

Industrials Cafl. Maeg, tõrkjý #2145. Cantun Iren 31n.

Cemente n.

HK Hop 1.

Stores, Etc.

Dairy Farma 10k, 1092en.

(Rt.) 05b, A5/05/.00+a. Walon 226, 324. 1. Crawforda Züb. Bincerce in

China Emporium 115m Son Co., Lid, 1.70%, Kwong Bang Hova 10n. Wing On (HK) Man. Wm. l'oweli, tatil, kn,

Miscellaneous

China Entertalamanta ¡fs, IK- Constructions (lit) 21n. -

(Now! 1.5. Vibro Piling 10n. Marayan' Investments 8/-n, Mareman (IK) .78m. Bhanghal Loan 706. Bbanghel Kærlar, 20h, Yanguren 24an.

Ewe 2.90.

Cations

Rubber, eta, Companies Alma Fatates 128. Anglo-Dutch 156, Anglo-dayns lob Jatu Aname .123. |---Bute-Plantations 85-

Chemor Ulled .. Cheng Rubbers .17%, „17an. Consolidated Rubbers 1b. Dominion Rubbers 40n.. Java-Consolidateda „vön. Kota Bahrue in Krework Intna“ „18um. Lanakule „Job, Padang Rubber.,10. Renah Rubber „Isión. Rubber Trusts 3.200. Semugaga - Nubbers Jin, Sempaiba Rubbern „J01. Shanghal Kedaha 4.0GH, Shanghai-Malaya 50m. Bhanghai Pahing Côn. Shanghal Sumatra Ib. Bu Mangula 100. Fungal Duzlo 30%. Tarish Morahs 48h, 550. Teborg Rubbers' 15n. Ziangda Kubbere „10%.

BUSINESS DONE

(* Direct business) IK Hank 10 at $1,100.

Whart Co.. 44 at $10.

China Provident 2,909 at $18.

NK 4 Shanghaj- Hotel 100 wt £625. Shanghai Land 8,000 at $1.00.

JIK Tram Ex.Div. 2,500 at $10.00, 550

el $10.70.

China Light (0%) 750 st $10, -1,000 at

$10.101

IIK Electrls Ex.lv, 200 mi 121, 200

214, 200k $25. Cement 200 at pala.

Dairy Farms 300 at 10%, Ens at 10%. 600 at #10%. *200 at #105, 130 m) 31014.

Watson 318 at #116, 200 a $22. Govt. own *88,000 1' 200. Dairy Farm (Bighia) 110 at .85 renia,

700 at 25 cats, 5,500 at 90 cen 100 at 93 cents, 150 at $8. conta. Ania Nav. 1.000 at 02% een Cheng Itubbers 5,000 at 17, renta. Kremneks 5,000 at 15 cents.

Money Market

US dollars opened yesterday: No claims will be admittedal HK$0.33 and closed at $0.32%, No claims will be admitted ateamer's godowns, and all after the goods have left the these being the highest and

lowest rates of the day. after the goods have left the goods remaining undelivered steamer's godown, and all steamer's godown, and all goods? after September 15, 1050, will goodd remaining' undelivered closed at. :$0,38. - These, also, TT opened 01 HK$0.374 and remaining undelivered after be subject to rent.

after September 18, 1950, will

were, the lowest and, bighoit September 16, 1050 will be

be subject to rent,

rates. Ajo m subject to rent.:

Industrial -All claims against the HK 202.50 a tool and dropped

old 1. gold opened at steamer must be presented to to $290.75. In the afternoon it the Undersigned on or before went up to $204.12% and closed September 20, 1950, - or. they. Ent, $203,50,EKORASYONELERE will not be recognised.415.00. 10.1093/BIN ***Sterling, was unchanged at No Fire Insurance will be Australian pounds were lower effected.";

All claims against the steam- er must be presented to the All claims against the sten- undersigned on or before mer must be presented to the September 20, 1950, or they Undersigned on or :: before | will"not" bo recognized;" September 22, 1950 or they No Fire. Insurance will be will not be recogalsed.

"No: fire. "Insurance will be affected,

DÓDWELL & CO., LTD.

#Agents.

Hong Kong, September

effected:

W, ELOXLEYFS CO. "(CHINA), LTD."

1050. | Hong Kong, Sept. 8):10607

DODWELL & CO.,LTD.

"Agenta, ga

Hong Kong, Sept. 18, 1940.

'Opening "at" HR#1240 the clining rate was down to $12.20. EAGLE **{Plastres ⠀⠀ remained nominal at

HKA413100

ficatat alad", dropped.

Open

at HK$20,50, a $100, - they closed

HUNEI Güliders were unchanged

AMERICAN PRESIDENT LINES

The

Aobal Fleet

BL George's Bldg.

Tel. 28172/5.

September 28th

S.S. PRESIDENT FILLMORE

Sailing

for

NEW YORK-BALTIMORE-BOSTON

via

Los Angeles

and

San Francisco Speed-Regularity-Frequency Dependability

BEN LINE

SHIP "BENCRUACHAN" BENVANNOCH" "BENCLEUCH" "BENVORLICH" "BENMACDHU

"BENARTY”

"BENALDER" "BENAVON"

"BENCRUACHAN" "BENVORLICH"

"BENALDER"

"BENVANNOCH"

"DENCLEUCH"

"BENMACDHUI"

"BENAVON"

{

THOM-THE ARRIVALS

FROM

U.K. via Singapore

SAILINGS

In Port.

on or abt. 22nd Sept.

'London.' Antwerp, Rotterdam, & Hamburg

London, Antwerp, Rot-

terdam & Hull.

25th Sept.

15th Oct.

29th Oct

P

71H⋅ Nov.

H

-12th.Nov.

26th, Nov.,

Loading on or abt.

K/Wharf

19th Oct

16th Nov.

26th Sept.

Liverpool

Glasgow,

28th Sept.

Dublin, Antwerp

31st Oct.

Rotterdam,

30th Nov.

Via Singapore, Colombo, Fort Sudan, Adan, & Suez Canal,

Accepts Cargo for Japan.

For Further Particulars, Apply To--. ↑ -W. R. LOXLEY--&-CO.-(CHINA); LTD;

Agents

Tork Building.

HONG KONG

Telephone: 24168.

PIC

NEWS

ILLUSTRATED MONTHLY

PAPER

CAN NO LONGER BE OBTAINED FROM ANY

NEWSVENDOR, BUT

IT IS STILL ON SALE AT

ALL

NEWSAGENTS

∙AND

BOOKSELLERS

NEWSPAPER ENTERPRISE -WINDSOR HOUSE.