1950-09-29 — Page 12

Patto 13

R. I. L

ROYAL

INTEROCEAN

SINGAPORE, JAVA

PORTS and

MACASSAR

LINES

"VAN, HEUTOZ” •

"TASMAN"

"TJITJALENGKA"

ARRIVALS

4th Oct.

Ath Oct

21st Oct.

• only to O'pore, Panang & Bel, Dell'

MANILA, EAST &

SOUTH AFRICA & SOUTH AMERICA

"STRAAT BOENDA" "TJIBADAK" •

"TJIBADANE"

SAILINGS

12th Oct. 10th Oct.

E6th Oct.

SAILINGA

ARRIVALS

Bih Oct, 16th Oct.

20th Oct.

not calling Manila and South Americ

JAPAN

"TJISADAK"

"STRAAT SOENDA"

"TJISADANE"

ARRIVALS SAILINGS

13th Oct.

8th Oct.

22nd Oct.

Agonte: HOLLAND-EAST ASIA LINE

● EUROPE via MANILA

and MALAYA

"MEERKERK”

"RYNKERK"

"LANGLEESCOT".

Through Bs/t. laeusd

Mediterranten and Northern

European porta,

JAPAN

"MEERKERK"

"RYNKERK”

"LANGLEEBCOT":

THE CHINA MAIL, FRIDAY, SEPTEMBER 29, 1950.'

FINANCE AND

COMMERCE

FINANCING THE UK DEFENCE EFFORT

Hong Kong Stock Exchange

Strong support in all counters WAN noticeable yesterday and prices were forced higher in renewed buying wave. The poll- -tieni outlook in considered in various quarters to have improv- ed and confidence is mounting. The undertana is strong.

HK Govt Loans

4 Loan 100,

Loan (1994 ▲ 1910) 40m. State Loan (iDia) 98łym.

ARRIVALS

BAILINGS

3

22nd Oct. early Nov.

9th Oct. 11th Nov. early Dec.

6th Oct.

10th Nov.

early Dec.

Rith Oct.

early Nov,

BOKINGSTBUILDINGSREEDHONESTSINIFESTO SZROITS

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 &

*STEEL SEAFARER"

.12th Oct. .21st Oct.

DJAKARTA (BATAVIA)

"STBEL AGE”

ARRIVALS FROM U.S.A.

Salla N. Y. Salled

Sulled

Saila S.F. Uus HK. Saited Sailed

11th Oct. 20th Oct.

“STEEL AGE"

"STEEL SEAFARER"

GILMAN & CO., LTD.

Tel: 31140

Chinese Freight Agouts:- IN FAT & CO., LTD. Tels: 28823, 25553 & 23483.

SWEDISH EAST ASIA CO.,LTD.

ARRIVALS FROM EUROPE

7th Oct.

m.v. "TONGHAI" m.v. "BALI"

..end Oct.

SAILINGS TO EUROPE

IB.V. "BENGAL" m.v. "TONGHAI"! m.v. "BALI"

4th Oct. .31st Oct. .mid Nov,

FOR

ADEN, POET SAID, GENOA, MARSEILLES, CASABLANCA,

ANTWERP, ROTTERDAM, DREMEN, HAMBURG, COPENHAGEN, (SLO & GOTHENBURG

Doeptanks avallabio far Hulkul?

GILMAN & CO., LTD.

Tel. #1148

THE EAST ASIATIC CO., LTD.

M.S. KAMBODIA"

LOADING 15th OCTOBER

ADEN, FORT SAID, GENOA, ANTWERP, HOTTERDAM,

HAMBURG, OBLO, GOTHENBURG & COPENHAGEN

THE EAST ASIATIC CO, LTD.

Danke

21K A M'hel Blank 1,4105, 1,400/1.430km.

(Lon, Reg,) Rain. Chartered Hank £10 1/1. Mercantile Bank A. A'1. 1. Bank of Frat Axis 20h.

Insurances

Casston Inn, 2236.

Usken Ink, 645h, eadem.

China Underwrlier d

1K tro low, 135h,

Shipping

Ituginen 140.

HK & Margo Steamboats TUD. Indo Chinas Prof.) 12.

(Def) Eli,

Shell (Beurer) 00/Tian.

Union Waterboats 180, Aula Nay. .CU, 70%.

Docks, Wharves, Godowns, Etc.

Kawloon Wharves 8b, Bósa. North Point Wharven dib, 63, 42asa, Shanykaj Hongkow Wharvis £b. HK, Docks,

China Pravidantë 1135, 11.Võm, 11*%an. Manghai Dockyarda $.10%, 1.4044, Wheelocks 231.

MIRJA

In line 6.2011.

Mine Din

Lande, Hotels & Buildinge

HK Shanghai Hotale Thab, 1.20/7.

MK Lands 315, 3739ım,

Khanghai Landu 3,400,

Humphreys Mah,

HS Families Risk, 1.150. Chinese Estates 119m.

Public Utilition

HK Tramways 12.106, 13.70/18an, Penk, Teuton (Old) 14126,

(New) #n. Star Ferries cub.

Chins Lights (Old) 17h, 12/12.1006

(New) B.rob, #36/6PM. HK Electrics 26, 25/20an. Macao Elretrina 11998.

4NW) 104%.

(Hanus 86.) 10ļām, Sandakan ta 8740, Telephones jih, 1, 11.10.

(1.) 08, 07**. Shanghai Gas 1990. *

Industrinis Call, Morg. (Ord.) 12. Cantum lers alán. Convola“, 102jke. 1015/24. 18 Ropes 12, 13.

Stores, Etc.

Entry Farms 14350, #345/40R

N (Rin) 1895, Dik***

Watsons 24%, 243726.1.

1.. Crawforde 226.. Bincere n.

China Empuhim Bin-

Kwong Hao Hone 19. Wing On (DK) 45. Wm, Powell, Ltd. in.

MiscellaneGLÈS Chine Entertainment 14. NK Constructions (O{d}+2\%m.

(New) 18in.

Vibro Tliloas 101: Maruman Infoatments 97-a. Maraman (is) 160, Shanghai Loan Tob. Bhanghai Explor, JOA

Yangissen 234.

Cations

Evo 3.90b,'Iva'

Rubber, eta, Companies Alma Estate 178.' Anglo-Dwich 38m. Anglo-Javas ‚753» · Batu Angry 70b.

Bute Plantations 455, Chemor United Jib; Cheng phibere, „1Xh.' Consolidated' Rubberm 2.555.,

Dominion Rubbere, .45h« Java-Consolidateds. Oln. Kota Bahros Tib. Kroewock Javus .165. Langkala sud,

Padang Bakbart (199," Ranch Rubbers* .1#347. flabber Trusta-12:301 Bamagaga Rubberu „15m. Semambu Rubbern, «305. Shanghai Kedah h

Shanghai-Malary.106. Shanghai Pahang .876, Bhanchal Bumatra 15 Bon Maūkija“.10. 'Songvi Durla Cib,

Tanah Meraba „b. Tebong Rahbeku 175-

- Ziangle' Jjulders, SDB,

BUSINESS DONE

Direct business)

HK Bank 34 at 81:410, 10 at $1,439.

Unten da, 10 x1005,

Wharf C-TOO MA” TAR. "

North Feins Wharves 1,200 at $4%%%

IIK, Dock 1,003 at $16, D

China Provident 1,056 et 2114.

Phan bat Doch 103 in 1,

It has now bocomo clearer how much the British Government intends to spend on rearmament and how the plan will be financed. Before the Korean war the defence budget was run- ning at £780,000,000.

It will be about 10 per cent more in the current fis- cal year to next March, at least 30 per cent more in the year. 1951-52 and at least 60 per cent more in the two following years.

This is on the basis of the Government's present estimate of £3,500,000,000 defence spending over the next three fiscal years That figure is, of course, still under discussion.

Although an Increuse in the armed forces is part of the plan, bulk of the expenditure is to fall an equipment and weapons. More kay

troops costs for the

sumption were prevented from rising. In practice thr bettleneck of capital goods industries will spoil this comforting calculation. There are the very industries in which productivity has rleen must,

New York Stock Exchange

New York, September 27. Rumours of impending peace moves in Koren sent the stock market oft on a buying spree today. Price rose as much as four dollars a share in some cases,

The buying surge camo toward the close of the session and al the close the speed ticker tapo Jagged two minutes behind actual or transactions. Turnover was around 2,500,000 shares.,

Dow Jones averages:

Steels, motore,and rails were in the forefront of the advance, but television stocks outcracked all the rest in extent of gains. If they have to turn partly to The snapback from Tuesday': arms work they must expect some declino was regarded as a normal shortages and interruptions which corrective action. will retuce productivity. Again, the if there industries cannot keepStocka Treasury money at once bus up their recent raté of exports, 20 Industriels munitions contracts take some others will have to try sell more 15 Rails..

abroad. That means relying on 10 Utilities lea competitive industries to find Closing quotations: expanding markets-a

possible Adams Express but nct cusy task.

Alaska Juneau American Can

| time before payments pre dun, That is why the impact on the British Government's budget will be light at first and reach full size only in the accond or third year. No special tax bill is considered necessary before the neimal Bud- get due next April.

ns a

Inflation danger

Danger that extra urma spend-

Aviation Curp.

On the other hand, the impacting may generate inflation Bofora of the arias plun on the economy pry new taxes become effective Anaconda Copper

is well recognised. There is fort- Baldwin Locomotive whole will be heavy and immediate. It is estimated that nates ne pressure from civillas Bendix Aviation 120,000 men will be withdrawn hoarding or "scave buying RC- Bethlehem Steel from the labour force to increase tail trade has not changed at all Boeing Alroruft the armed forces; and 250,000 from its seasonal pattern since Borden. Co.. workers will turn from civilian the Kurean war started. More Canadien Pacific to defence

immediato Jobs. With a total

anxlety concerns Caso J..I. labour force of just over 23,000,- ages. Woge rales have

beers Chrysler OCD, of which nearly 700,000 nra nere stable this year than any

Colgate already serving in the armed one expected but the Uniona have commercial Solvent forces, this shift will

renew Jave a retused to

their formal Corn Products substantial effect on the Jabour pledge to keep new claims down Du Pont

and a number of important clima Easttuan, Kodak situation

which have been simmering for General Electric many months are likely to bo)

Motora pressed in the near future. The Goodrich Government, hopes to restrain Goodyear

Very few additional workers can be drawn fn from the pool of uncingloyed which at the end

of July 1950 was only 270,000 this movement cnce again by Homestake Mining

economy

and included a number of almoss | fvank talks with organisations of jnemployable persons. But if inbour and employers on the need defence demands were spread for mendtory stability. over large section of the thoy could be easily. met; pressure will arise because contracts for weapons and equip. ment must fall on a narrow sector of industries which are already working to capacity and con- tributing a vital share of both

exparts and Investincat.

domestic

capital

AMERICAN PRESIDENT LINES

the Global Floor

BL George's Bldg.

Tel. 28172/5.

TO HONOLULU & SAN FRANCISCO

Pres. Cleveland'

Got.

Gordon ..

Pres. Witean

via JAPAN

Arr: Oat! 14 Balls Oct. Art.

TO SAN FRANCISCO & LOS ANGELES

Pres. Pluzce ........ Pres. McKintry

.Oct. 18 Balle

Arr. Nov.

·Oct. Salle Nov.

via JAPAN

Arr. Oct. Balle Art Dot 124 Baile

Oct. Oct. 20

TO NEW YORK, BALTIMORE &' BOSTON :

via PACIFIC COAST & PANAMA

Pros Fillmora Free Tylor

Balta In Port Arr. Oct. 29 Baila ROUND THE WORLD

Supt. 30 DOL 20

VIA MANILA, BINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, QUEZ, PORT BAID, ALEXANDRIA, NAPLES, MARSEILLES, GENOA, NEW YORK and BOSTON

Prom, Jefferson Prea. Palk

`tn' Port' Arr: Oct. 18

Balla

Ballo

Gept. 29 Oct.

10

BEND LINE

ARRIVALS

FROM

81.20.

225.54.

00,78.

40.16.

2214

21

100

Smelling Telophone Tobacco Waterworks

02

BUSA

A

34%

8

14

48

41

33 VA

BU

30%

73%

45

2014

604%

80

402%

47%

97

11

60%

40%

SHIP "BINOLEUCH"

1.K. via Bingapore:

International Harvester

·30%

BENVANNOCH"

Peper

"BENVOHLICH"

w

Tei & Tel

14%

"BENMAGDHUI"

474%

"DENALDER"

0344

"BENAVON"

6234

"BENREOCH"

20%

"BENVENUE"

48

"DENLAWERS"

101

43%

SAILINGS

103%

#BENVORLICH"

14%

"BENALDER"

14.

*BENVENUE"

London. Antwerp, Rotterdam, & Hamburg

30%

35/4

33

"BENVANNOCH"

4041

51

2345

"DENWYVJ8"

60%

223%

Oll of Calif.

703

"BENCLEUCH"

Oil of N. J.

B45%

"BENMACDHUI"

321

"BENAVON"

36

10

48%

*38

10

.33

A curtainty is the adverse effees Johns Manville of the arms programme on the Kennecoft Copper balance of paynicnts. The striking Montgomery Ward National Distillers improvement in the sterling-

Lead dollar relationship, which has New York Central been reflected in the rise of the packard Motora... Landon gold reserve, is rot likely Pan American Airways

continue when the defenco effort gets fully under way, More Radio Corp...

for Pennsylvania RI import will be needed and ex- ports are likely to drop. Best hope Real Slik les In the fact that the repercus- Remington Rand There are fairly-rigid limits to studied well

sions of the policy have been Republic Steel

advance. How Reynolds Tobacco the supply of cieel. iorings, serious they will be depends Sears Roebuck

Schenley electric motors and a number of other key products used both including the future of U.S, aid,

many things still uncertain, in-

Shell Ou civilian und military production.

Socony Vacuum Output of durable guxis for civi-

Southern Pacific lian purposes including exporta,

standard Brands Is bound to be hampered..

Rigid limits

Money Market

Curlide

Studebaker US dollars opened yesterday at Union Bag 13K$6.31% and closed at $0.331⁄2 These were the lowest and high-us Ruuber..

Steel closed at $0.384.

TT opened at $6.30 and Lines

Westinghouse Youngstown Sheel & Tube 1025% Industrial gold, continuing Its Gun. Pub. Utilities downward plunge, fell to HK$-

*** 1834 The bond market was fairly 283.50 a taol, but recovered to activo,und a little lower, $265.50 at the close. The opening rate, was $286:50.

In the Commons debate on the defence plan, Hugh' Gaitskell, Minister of State for Econunde Affairs, sald the Government In "lended"la minimiso effect ́of ̃arma ||est"rates,

contraals or exports and capital investiment and see that the bruns was taken by current consuing→ tion. That was as close ng Minis- tere have ever got to hinting at increased taxation to come. Much depenus of course on whether total British production continues to rise at the exceptionally rapid rate recorded in the past 12 months or so. A rise in real. in- dustrial output of seven or eight per cent a year would add nearly £500,000,000 worth of goods and services to the national product; and in purely statistical terms HIC$12.80 100. this would be enough to meet

The Curb market tipped higher <with trading fairly aqlive, Higher Wero Brown Rubber, Cities Ser- Sterling opened at HK$15.75 vice, Electric Bond and Share, and closed at $15.73.

Hollinger Consolidated Gold HIC$12.48 and closed at $12.50.

Australian pounds opened at Mines, and Kaiser-Frazer.--ABEO-

elated Press.

Plastres continued nominal at

additional defence needs If con- NEI Guilders at HK$3 a 100, Ticals at HK$26.80 100, and

were unchanged.

NOTICE TO CONSIGNEES

NEW ORLEANS COTTON

New Orleans, September 27, Cotton futures closed 30 cents to $1:40 q bolo lower.

October

December

OFFICIAL NOTICE

PROPOSAL TO CHANGE A SHIP'S NAME

March

May July

40.77

40.32-34, -40.14.

39.01---92 31.30.

m.y. "BORGHOLT" Having arrived Hong Kong consigners of cargo are hereby notified that all goods have been landed and placed, at

We, LI JUI & SONS, LTD., Spot catton closed 75 cents a balc their risk and expense into the of 223 Prince's Building, Hong-Tower. 9. godowns of the Hongkong and kong heraby give notice that

Low middling Kowloon Wharf and Godown in consequence of our agree-Middling spri Co., Ltd., where delivery mayment with Indo China Steam be obtained as soon as thel Navigation Co. not to use the goods are landed.

.+

original name, we have appli

-

30.15.

40.65.

Associated Press.

NY COTTON ed to the Minister of Trans- No claims will be admitted port, under Section 47 of the after the goods have left the Merchant Shipping Act, 1894, *New York, September 27 godowns or failure to attend in respect of the dumb lighter Koren is seeking peace troughs Unconfirmed reports that North the survey.

Indo China No. 18 of Hong heavy liquidation In All broken, chafed and dam- Kong Registry Official Number futures, depressing prices into aged goods are to be left in 153658, Gross tonnage 307.49 now low grounds for today. the godown where they will be tons, Register tonnage: 307.10 Futures closed five cent to 32.15 examined in the presence of tons, formerly owned by this a bolo lower.

Indo China Steam; Navigation October a

· 31% +Land ̈*100 μL 3X716,' *309 at $371, Messrs. Goddard und Douglas | Co." Lid, for permission of December.

IK Skanghal Rotel 9,000 at $7.30, on October 3, 1950, at 10 a.m. change her name to Li HWA Murch.

· 14,100 mc #7%, 2,000 at ST1⁄4, 2,107) MORE STARJETA MORALEZA E To comply with the General NO. 18 and to have her re- May

HK Trans 3,950 at 431.39, 100 at $11.9, Bonded Warehouse Regula-gistered, in the new name at July.

October

1.000 a $18.

Chine Light (old) 200 at 113, so at Hona, conlences must have a the Port of Hong Kong as December 112:10: 75005 AL. [12, 1.030 at 812 Revenue Officer in attendance owned by LI JUI & SONS, March. 800 AED, FOR THE when examining damaged dull. LTD. Chion Light (New) 100 at $215 700 able goods. All claims against de

11⁄2 Klectria 72,295;ut: 815, 400 ̧ut $23 12,

cotton

45.85. 40.47-40. 40,28-31 40.01 39.35, 7

19 (35,00---35.04.-

403 nominali

(tan) | Middling spot) 2:4 41.95 nominal.

Associated Fres.

17 at 9813, (7500 m3 30 25 1,000 at 1814, the vessel must be presented Any objection to the pro- 2400*1. 12111, 105 ms, 329, 210 mi 10: the Undersigned within posed change of name must WWW.MARTDAS ESERNAME Lourteen days of the ship's ho sent to the REGISTRAR OF Telephones 10% ss #11, 1,339 RE:$18.19, arrival, or they will not be SHIPPING at HONG KONG Cetrus · 100- Kk 81045, 100 -au- 82095.

A within seven days from the

appearance, of this advertise No Arm Insurance will be ment. ROME

નિરમા

-recognised,

&CO

Dated at Hong Kong the 28th day of Sept. 1050 L JUL & SONS, LTDA

LI CHING USI Managing Directóri,

DUR In Port

In Port

on or abt. 20th Oct.

29th Oct.

12th Nov.

26th Nov,

3rd Dec.

11th Dea..

24th Dec,

Leading on or abt.

-23rd-Oct.

16th. Nov.

15th Deo.

Bath Sept.

20th Dea

31st Oct. 80th Nov.

London, Antwerp, Rot- terdam & Hull; Genor, Liverpool, Rotterdam &. Antérep,

Liverpool, Glasgow.. Dublin, Antwerp Rotterdam.

-30th Sept.!

Via Bingapore, Colombo, Port Sudan, Aden, & Suez..

For Further Particulare, Apply

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

Agents

Yark Building.

Telephone: 24165.

HOLLAND-EAST ASIA LINE

S.S." MEERKERK"

LOADING 7th and 8th OCTOBER

FOB

MANILA, SINGAPORE, ADEN, BUEZ, PORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, AMSTERDAM, HAMBURG; COPENHAGEN, GOTHENBURQ and OSLO, also,WEST AFRICAN PORTS.

Agents ***

ROYAL INTEROCEAN LINES

King's Buliding, Connaught Stond. Tela. 28015, 28014, 28017.

Stockpiling funds may be increased

quinidine

Washington, September 27. opened to buy $3,000,000 worth of The Economic Co-operation Industrial diamonde Administration hopes to allo-rubber, tungsten, lead and co- cute more than twice as much conut ail, all to be paid for in

foreign currencies, ":" "VIS money for stockpiling of strato-the ECA plans to dib into its gle materials this fiscal year as counterpart funds for the oquit „LONDON STOCKS lastAPER, PREZA dhe font of more than $20,000,000 1 or To forestall vany emergency, mining projecia Fin-overseas-form. Landon, September 27, growing out; of "ihe: Récean warritories of Brest Deliais, l' in the

which | the ECA: Vertimates" it will dors: Hálatza" Congo, Orreco and Cm-} have beep

ontba stock mark more than $130,000,000 | many orgaEMATY

mild" kume" mestly in foreign curraucisk, for ECA, ha on hand $140.763,000

some criticatie viator/min:und

Hit Ioreign currendies (which if can