1950-10-03 — Page 26

Pago 12

R.I.L.

INTEROCEAN: LINES

ROYAL

SINGAPORE, JAVA

PORTS and

MACASSAR

"VAN HEUTBZ" *

"TABMAN"

"TJITJALENGKA”

ARRIVALS

4th Oct.

8th Oct

21st, Oot.

* only to B'pore, Penang & Bet. Dell

MANILA, EAST &

SOUTH AFRICA & SOUTH AMERICA

"STRAAT BOENDA" "TJIBADAK” •. "TJIBADANE"

"TEGELBERG"

ARRIVALS.

SAILINGS 11th Oct

10th 'Oct. 26th Oct,

22nd Oct. 39th Oct.

SAILINGS

11th OAL 18th Oct,

18th Nov,

⚫ not calling Menile and South America

• JAPAN.

"TJIBADAK"

"STRAAT BOENDA"

"TJIBADANE"

"TEGELBERG"

ARRIVALS SAILINGS

13th Oct.

8th Oct.

16th Nov.

24th Oct. 1at Nov,

Agents: HOLLAND-EAST ASIA LINE

EUROPE via MANILA

and MALAYA

"MEERKERK”

ARRIVALS

"RYNKERK"

"LANGLEESCOT"

22nd Oct. early, Nov.

Through Ba/L

[nued to

Mediterranean and Northern

European ports.

JAPAN

"MEERKERK"

"RYNKERK"

"LANGLEEBCOT"

7th Oct,

10th Nov.

early Dec.

SAILINGS

9th Oct. 11th Nov, early Dec.

26th Oct early, Nov.

PKING'S BRIEDINGSSTELEPHONES 2015STOMISE

SCHINESE, MEKUSTAREGOS SAGRIEZROM GSTLINSKOSBES

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 &

.12th Oct,

25th Oct.

!

DJAKARTA (BATAVIA)

''STEEL AGE":

STEEL SEAFARER”

ARRIVALS FROM U.S.A.

STEEL AGE"

STEEL SEAFARER"

Salls N. Y. Salls S.K. Due H.K. Salled Sailed 11th Oct. Salled.

sailed

24th Oct.

GILMAN & CO., LTD.

:

Tel: 31146

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

SWEDISH EAST ASIA CO.LTD.

ARRIVALS FROM KUBOPE

m.v. "TONGHAI" [m,v. "BALI"

6th Oct.

end Oct.

BAILINGS TO EUROPE

mv. "BENGAL" m.v. "TONGHAI" m.v. "BALI”“

In Port

.31st Oct.

mid Nov.

FOR

ADEN, PORT SAID, GENOA, MARSEILLES, CASABLANCA,

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

Deeptanks available for buikell.

GILMAN & CO., LTD.

TOL. 31146

THE EAST ASIATIC CO., LTD.)

M.S. "KAMBODIA"

LOADING 15th OCTOBER

ADEN, PORT SAID, GENOA, ANTWERP, KOTTERDAM,

HAMBURG, OSLO, GOTHENBURG & COPENHAGEN

- THE EAST ASIATIC CO., LTD.

CHINA MATE, TUESDAY, OCTOBER, 9, 1950;-

FINANCE AND

Hong Kong Stock Exchange

Further encouraging progres

ed on the Stock Exchange yester- day and investora were keen to extend their commitments. Proft- taking was relatively small, and absorbed at rates only fractionally

COMMERCE

CANADIAN DOLLAR MAY JUMP TO FULL PARITY WITH U.S.

The

Washington, October 1.

and substantial gains were record- Official Amoricon sources predicted today that the Canadian dollar might jump tomorrow to full parity with the United States dollar. final value, they reckoned unofficially, would be somewhere between 91 cents and one dol-

·lar, in terms of United States money. These sources' were not sur- prised at Canada's action yes- terday in allowing the Cana- dian dollar to float free on the world's exchange markets for the first time in 11 years.

below the highest. The market closed firm. Unions and Lights Old and New reached their 1950 highs.

HK Govt, Loans 405 Loun 100%, » 8% Lonn (1934 & 1940) 0.

Loan (1049) D

Banke

HK 4 'hal Dank 14265, 1460/40/50mm.

Mon. Reg.) £97. Chartered Bank £10 7/10n. Mercnatilo Dink A, ́§ 3. £220. Bank of East Asia 2016.

Insurances

Canton Jan. 1240mm.

Tinion tha, 700m, ¤§āsa. China Underwriters 36, 3/14/?kna. HK Pire Ins; -1356)

Del

31

Shipping

1:05.

Mocan Alemmbonte in. Indo China (Pref.) 125.

(Def.) 15.

Sheila (Beater) Bla/5.

Union Waterboaŭ 205.

Asia. Nov, „67jib, „TEK. Dooks, Wharves, Godowns, Etc.

ик Kowloon Wharros Bib, Bs. North Paint Wharven $20. Shanghai Hengkew Wharees 5145. BK Docks 18», 18/16%, Chinn Provident 12tion. Shanghat Dockyards 3.709, den, - Wheelocks 28b, 26, 27.*

Mining

Haub Mines 4,100. BK Mines #lin.

Lands, Hotels & Bulidings

HK & 'hai Hotels Babb, 9/04/8.30am.

NK Lands 401, 431. Shanghal Lands 1.600.

Humphreya- 1b.

HK Renities 2.10b, 2.4D.

Chinean Estates 119.

Pubili Utilities

1

HK Tramways 14748, 149/16/14%im.

·Peak Trams (0%) 185.

(New) an.

Star Ferries Than

6. Lights (id) 14.20x, 14/1449/14mm.

(New) 0.90b, 10/105/10.

HK Electric 20, 2841/200.

Macna Electrica 118m.

▪

(Nm) 20h,

(Bonus Bh.) 10%n.

Sundakan Lights 1940.

Telephones (id) 11b, fan.

(Narwj 1016m

Shanghat Ga

Industrials

Cald, Maen, (Ord) 22». Canton Jers 354n..

Cements 136, 104, 12%/10 12/13am. HK Ropes 13h,

Dairy Farms

Stores, Etc,

To 14128, 14.80, 14.80/15/14%. (New) 12.40b, 12.40va. Widsons 27/28/27 (jam. L. Crawfords 20. Bineered 3n.

Chlon Emporium $349. Hon Co., Ltd, 1.70m. Kung Baru Hoa 80b

Wine On (HK) 43m.

Wm. Powell, Ltd, an

Miscellaneous

China Entertainments (3b,

K Constructions (Old) 2in. (New) 1.305.

M

Vibro Pinza 10m. Hurkman Investmentä" 1/-5%, Maratan (1K) (T(n.) Shanghel Lórn” „JO1. Shanghai Explor, 250. Yanatazes 2.60b.

Cottone

Ewos 314b, B.20am.

Rubber, etc, Companies Alma Estates, 188, Anglo-Dutch Jón.

Anglo-Jarga 206.

Batu Anama 1lbs.

Tule Plantations' „Sub. Chemor United. Cheng Rubbere" 27. Consolidated Rubber 1.60%. Dominion Rudbers-Dak Java-Consolidatode 05. Kota Bahros „00%, Krowwork Javas is. Langkate 30b. Padang Rubbers Ish, Hepah Hubbers 18%, Rubber Truste 2. Bamarezs Rabbers „Te. Bemambu Hulbers Atn- Shanghai Kedade ¿3⁄4). Shanel-Melayu 10m., - Shanghai Pahang „55b. Shanghai Sumatras 15. Hum Mangga „100," Bunge Dosia tib. Tanah Merahs „50). · Teborg Rubbers 15. Zlanzbe Rubbers Jün.

BUSINESS DONE Direct business)

HK Bank 13 $1.150,5 at 91,150, 15 at $1,400, *: IA $1,447, 45 at $1,050.

Canton In. 100 at 1240, 100 #1 $240. Union Ine, 10, 22 'E465.'

Wheelock 400 at $16, 200 me $25. Whart Co. 100 1.358

IIK Dock #678 at $16, 200 at 810

100 at 9151⁄44. «

China Provident 1,500 t #18%%%-

Shanthal Book`000 £ 31.

JK Land. 109 at 'si),'

IIXA Bhangha) Hotel $3,000 at 5%

то whatever extent the Canadian dollar rose above the present levels, the cost of Cana- dlan goods in the United States would also rise, they said.

Australian trade with Indonesia

Jukarlu. October 1. Indonesia and Australia have That was on the assumption cntered into trade relations and that Canadian sellers do not lower goods are to be exchanged be- their prices to keep their American Iween the two countries in the markets. Such an action was coming year. considered unlikely in newsprint, nickul, nsbestos, and other items in which the United States was heavily dependent on her neigh- bour,

Torquay conference on tariffs

Torquay, October 1. Special, interests of regional groupings are expected to con- rol the curly stages of the Tor- quay tariff talks in which dele. gations of 38 nations will get down to their first serious work tomorrow.

The opening of bilateral ne- gotiations on any large scale is likely to be delayed while mem-

theso bers of

groups consult among themselves to ensure that no single party operates against the interests of the others.

Representatives of both coun- tries have ipitfalled an "Agreed Ministe of Discussions on Trade," which provides estimates of trade Heads of delegations separated between the two countries during for conference purposes, accord- the 12 months ending Septembering to regional trading interests, 30, 1951.

despite the declared aim of the Dr. Darinawan Mangunkusumo Generat Agreement, on Tariffs and Trade to lower trade barriers preferences and abolish special operated by groups of members.

But on some other commodi

competed ties, in which Canada

olher for American favour with countries, Canadian sellers mighb decide to cut prices somewhat initialled the document on behalf when the Canadian dollar settled of Indonesia and W. R. Carrey down.

The cost of Canadian goods would not be increased in casey where contracta called for pay- ment in United States dollars.

did so for Australia.

up to a

Under its provisions, Indonesia will subject to normal commer cial considerations-export various value of commodities up, 3,765.000 Australian pounds. Both parties agreed to promote commer cini Intercourse as much as pos- alble and will consult with each other before the expiration of the Some officials were grated agreed minute on the question of that Canada had decided to let renewal for another 12 months' her dollar "Quctuate." rather

No suspicion

than fix an arbitrary higher period.

value.

по

The delegates at Torquay re- which together present nations operate some 80 per cent of the world trade.

The British Commonwealth, with one-third of the world trade dose among its members, is the largest group within the system that the Agreement atteinpls to

control,

Indonesian exports to Australia

The Low Countries form an- are coffee, tea, rubber, copra, other defined group in the Bene- There would be susplc- tobacco, and rattan. Australia w lux system. The less well-clarified make available to Indonesia European grouping may soon take tion, in the

circum. present

Schuman stances, they sald, that Canada chiefly foodstuffs (wheat, four clearer shape as the was seeking to take advantage and milk), live animals, textiles. Plan for International operation of the United States' tremen- metals and machinery, pharm of Euope's key Industries deve-

chemicals,lops. products, dous armament effort to In-aceutical crease the costs of the many paper, and Canadian materials

to Press. vital America's war machine..

Canada was a major supplier of uranium, copper, nicicel, Jum- ber and other materials, and might again become an important supplier of aluminium to the | United States, they said.

In Washington and other finan cial circles, there has been much speculation that, Australia might follow Canada's lead-wilch would mean further rise in wool

prices and that Britala might also revalue upward.

One official said that Canada's action could be interpreted, In part, as telling the United States: "Your currency is becoming in flated. It is no longer worth terms of goods the premium which we pay for it, We will now seek a more realistic rela- tionship."

One

"Hot money"

the

reason for freeing Canadian dollar is the amount of "hot

estimated at over

stationery.-- United

Money Market Future

from

The dollar countries have their. special scarce currency own category.

deliberations will be secret. A specially recruited US dollars went up over the security staff exists, to keep in

reaching formation week-end, and opened yesterday wrong people and prevent trading at HK$0.33%. In the course of

in anticipation speculation was a further conference decisions. the day thero galn of more than two points,

But the accrecy over the con- the closing rate being 56.35%.

not ference has

obscured the TT opened at HK$6.39 and

evident intention of delegates closed at $8.40.

with group interests to maintain Industrial gold also recovered.

those interests.-Reuter. Opening at HK$282.50 a toel, as against $277.50

Saturday, there

on

AMERICAN PRESIDENT LINES

The Global Fleet

BL George's Bldg.

Tel: 28172/6.

TO HONOLULU & SAN FRANCISCO

Pros, Cleveland

Gen.

Gordon Pret Wijson"

via JAPAN

Arr

Oct 14 Salls · Oct. Balle Oct. Oct. 18 'Nov. 8 Ballá ́ ́Nov.'

TO SAN FRANCISCO & LOS ANGELES

JAPAN

Pres. Pierce

Arr.

Prok McKinley ......

Arr. Nov,

撸

...

Oct. Balle · Pēt.

Balla Nov.

TO NEW YORK, BALTIMORE & BOSTON

vid PACIFIC COAST & PANAMA

Prea Tyler Prok Grant

P

Arr. Oct. 27 Salle Dot. 28. Nov; 16: Am Nov. 18 Baila ROUND THE WORLD

VIA MANILA, SINGAPORE, COLOMBO, COCHIN, BOMBAY, KARACHI, BUEZ, PORT BAID, ALEXANDRIA, NAPLER, MARSEILLES, GENOA, NEW YORK and. BOSTON

Pres. Polk Willametto: Victory

Arr

18

Arr:

Ост Galle

10 Ballo Oct. 31

BEN LINE

SHIP

"BENCLEUCH* #BENVANNOCH" "BENVORLICH”. “ "DENMAODHUI

"BENADER" "BENAVON" s "BENVENUE”

*BENLAWERS"

the

of

"BENVORLICH"

"BENALDER" "BENVENUE"

"BENVANNOCH"

"BENWYVI6".

"BENCLEUCHTM

$281 tralion pounds at HK$12.50, were was a setback to carly in the morning, but after unchanged. that it was a steady climb. The Piastres continued morninal at closing rate was $248. The HK$12.50 a 100,- highest rate of the day Was $284.50.

Sterling at HK$15.70, and Aus-

Ticals at HK$28:00a ̃‍100;~and NEI Guilders at HK$2.80 -100, were also unchanged.

U.S. business review

New York, October 2.

theore ting rate of mills above Steel paced high-level opera-,tical capacity for the first time tions in business and industry in 1950,

US 2.000, sent to Canada this week.

a

Source in

to

these last three months by Ame Not only did the steel industry rican speculators,

Canadian turn out more finished tons than Finance Department

ever before in peace or war, but Ottawa indicated today.

plans were announced to increase The speculators were hoping for a quick profit should the present capacity in order to meet greater steel requirements dollar bo restored Canadian

generated by the rearmament dollar. par with the American

acar-record But it was felt that the sudden programme and of there holdings would have civilian activity. oppressed the Canadian security market and caused an undue strain the country's foreign exchange holdings..

sale

The freeing was an experiment whose outcome could not be pre- dicted, the sources stated.

There would be a period of un- certainty. before the rate stabilised..

now

Bank of England -announcement

Railroad carloading also stepped up and were the highest in nearly

two years.

duction

A new inorease in bank loans for commercial purposes indi cated that merchants, manu- facturers and just plain people were still borrowing manoy to buy goods for instant consump tion and steakling.

The gain was less than in re- cent weeks, however, lending en- couragement to the belief that fult effectiveness of the new Federal credit regulations would case the situation.

"BENMAODHUI”

"DENAVON” ::

ཀ ་་

ARRIVALS

FROM

U.Ki via. Singapore-

SAILINGS

E QUE A

In Part

In Port

on or abt. 2011 Det

2nd Nov,

L'an'de', 'Antyears, Rotterdam, & Hamburg

London, Antwerp, Rot- teriem & Hull, '-'

Genek

Liverpool,

Abtterdam '&' 'Antwerp,

Liverpool,

Dublin, Antwerp kā | Rotterdam.

14th Nov.

At Deo.

14th Dec.

| 24th” Den.

Loading an ́or abt.

Via Singapore, Colombo, Port Budan, Aden, & Buez

*23rd Oct. 17th Nov

17th De

K/Whart

20th Des

K/Wharf 5th Nov.

5th. Deas

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

Agents

York Building.

NOTICE TO CONSIGNEES

m.v. "STONEWALL JACKSON"

Telephone: 34165.

OFFICIAL NOTICE-

PROPOSAL TO CHANGE

SHIP'S NAME

Haying arrived Hong Kong

We, LY JUL & SONS, LTD.; consignes of cargo are hereby notified that all goods have been landed and placed at their of 243 Prince's Building, Hong risk, and expense into the go kong hereby give notice that Car output was only slightly

Nothing developed this week to downs of the Hongkong and in consequence of our agree- under the peak level of the pre- ceding week, and electric power show whether larger down pay-Kowloon Wharf and Godown ment with Indo China Steam consumption scored new gains in ments and shorter pay periods Co., Ltd., where delivery may Navigation Co, not to use the a seasonal expansion that wx decreed by the Federal Reserve be obtained as soon as the original name, we have appli- ed, to the Minister of Trans- Board in credit transactions was goods are landed. ?- Isceeded normal expectations.

port, under: Section 47 of the A sharp, upturn in paper pro-achieving the ends sought,

: ઘ

Merchant Shipping Act, 1804 Dun and Bradstreet noted carried mill operations to a point aqualled only once before slight dip in retail trade hero and No claims will be admitted in respect of the dumb lighter this year.

there, but there was little let-up after the goods." have left the Indo China No. 18 of Hong A more modest boost in paper in the steady pressure on prices godowns or failure to attend Kong Registry Official Number board output carried the opera--Associated Press, an

the survey

153658, Gross tonnage : 307:49 tons, Register tonnago 307.49 All broken, chafed and dam-tone, formerly owned by the Indo China Stoŭm Navigation aged goods are to be left in the col Lide for permission --10 godown where they will be change her name to LI HWA examined in the presence of NO. 18 and to have her st Messrs. Goddard and Douglas gistered in the now-namá st on October 7-1950, at 10 am the Port of Hong Kong as

In London, the Bank.of England announced today that of the banks would be notified.

dealing Canadian dollár: rates tomorrow."

• intement: qu

the 'It ́said in a Canadian

sion to freo. its decision dollar: "The Bank of England an

3.009 at #1, 100 at tak. 3,000 Renounce that their previous sell-

59, 1.000 38.00, 4,000 at $8.90. Ing and 500 18,30 M***

spot

and buying rates for Canadian dollars of 3.07-3 and 11K Tram 800 W11 GT at 41% 3.08-3, as well as their forward

*600*at:$IGN, 300′ ut' $15, $1,500 | *****

are no longer op

TO- for

at $18, 3,000 at 818% 1,000 at $15.ho Canadian dollar 2,500,4%; $163, 8,500; 13; 8147%. Chine, Liebt, (old) :1,086 m) 814, 1,000 | malna. spécified, currency.

of the Exchange AN $15.10, 8,600 '05/11455, 500 mi) the purpose 314144 1.000 a $1435, 200 at #1435 Control Act, 1957, and new deal- 000 at $14,40, 800°45 314, 900 1 $14. Ing rates will be noticed to banks Chios Light (New) +809) 4k-$19,° 22,800 on Monday, October 2.Reuler,

"at" (10%,/08) at #1014, 1,800° at | Musi *#30154: 591 \nt #10157,400 an $10.19, ; -1,000 × 43, USANA M *HR. Efestija TADE #6-32836.-9207_ :ML

Dairy Farm (08): 1000/8€ 284.8), 608 ** at #13, $1,000, xt 316, 72€ MI; KX4.90, 29908,700 WA $10, 800 at $1695, M400 at

`22F,' 0,200 ́at, 179, 100 at 113.5- Watwork #800 al- $37, “1.800° at 128, 109 Telephone 0.100"a2|815," 2,000, at #12. Frame £37}%, 9400 at $875

$200 a $3914, 7206 415 $10, 500

M

Cement #1,000-24: DIEN, LAPU 40 41.3 Underwater,od at 1832, 1.000 E

·Dairy Farm (Maw) #206 at $13.0, 10.

HOLLAND-EAST ASIA LINE

S.S." MEERKERK"

LOADING 7th and 8th OCTOBER

FOR

MANILA, SINGAPORE, ADEN, SUEZ, JORT SAID, ALEXANDRIA, GENOA, MARSEILLES, ANTWERP, ROTTERDAM, AMSTERDAM, HAMBURG, COPENHAGEN, GOTHENBURG und OSLO, also WEST AFRICAN PORTS.

Agontst

ROYAL INTEROCEAN LINES.

Building, Connaught Road” Tels.: 25015, 28010, £8017

awned by LI JUI & SONS,

To comply with the General LTD Bonded Warehouse Regula-

tions, consignees Thust havo ang NCAA KULEPENING S

objection to the proz Revenue Officer in attendarica pojad, change of nemo... muit when examining dämngod duti- be sent to the REGISTRAR OF able goods.. All claims against SHIPPING at HONG HONG the vessel must be presented to within seven days from the the Undersigned within four- appearance of this advertise- teen days of the ship's arrival, mentYN or they will not be recognised, jizave

ated at Hong Kong th No fire insurance will be of-| 28th day of Sept. 1980: LJ TUR fected.

CO. LTD.