1950-10-30 — Page 9

Page

PET"

BUTTERFIELD &SWIRE

CHINA NAVIGATION CO., LTD.

KIYANG"

GKING" CHOW"

*NG"

YANG"

ANG"

SAILINGS TO Tientaln

Singapore & Penang

.Keelung ...ka....... Yokohama, Tokyo,

Nagoya, Osaka &

Kobe... Singapore & Penang Tientsin .Singapore, Djakarta, Cheriton, Samar- ang. Sourabaya & Macassar

1

* Salls from -ARRIVALS FROM Kobe

NG"

TIEN ANG"

Indonesia & Binton ...Bangkok

4 p.m. 29th Oct." 5 p.m. 29th Oct, 5 p.m. 30th Oct."

10 a.m. 30th Oct. 10 am. 1st Nov. 5 p.m. 6th Nov."

3 p.m. 17th Nov. Custodian Wharf

7 a.m. 30th Oct.

1st Nov

-2nd Nov,

STRALIAN ORIENTAL LINE LTD./CHINA NAVIGATION CO., LTD. JOINT SERVICE -

SAILINGS TY Sydney & Melbourne

ZUAN" ANGTE”

....Japan

3 p.m. 4th Nov. 11th Nov.

ARRIVALS FROM

NGTE"

.. Australia &

Manila

BLUE FUNNEL LINE

Scheduled Sailings to Europe via Port

7th Nov.

CHAS" Lamden, Holland & Hamburg CHISES" ..Liverpool

Said 30th Oct.

& Glasgow via'

Manila

7th Nov.

US

.Genoa, Marseilles, Liverpool &

Glasgow

8th Nov.

PENOR" NEAS"

Dublin & Liverpool

25th Nov.

Genoa, London, Holland Hamburg

29th Nov.

Scheduled Sailings from Europe.

"GAPENOR” 21st Sept.

CHISES"

28th Sept.

-4th Oct.

BAS”

OCLUS" 13th Oct.. MEDON"21st Oct.

Sails Liverpool. Salls Rotterdam

Arrives H.K.

30th Oct.

2nd Nov.

17th Oct.

8th Nov. -15th Nov. 24th Nov.

SES"..20th Oct.

2nd Dec.

LOPS"

SEUS"

4th Nov. 13th Nov.

9th Dec.

17th Nov.

18th Dec.

"LOCHUS” 21st Nov.

26th Dec.

G. Loading Glasgow before Liverpool.

8. Loading Swansea before. Liverpool.

DE LA RAMA LINES.

ARRIVING VIA

LA frem U.S. ATLANTIC & PACIFIC COAST PORTS

LAND" NAN"

. 10th Nov.

23rd Nov.

ng, to NEW YORK, BALTIMORE, PHILADELPHIA, vin JAPAN, SAN FRANCISCO, LOS ANGELES, CRISTOBAL una KINGSTON

YALICIA”

.21st Nov.

the above subject to alteration-without notics.~ or Passage and Freight particulars please apply to

1. CONNAUGHT ROAD, CENTRAL Tel: 30331/8 Private Exchange.

ICH OFFICESD Connaught Rd. West: 25875 32144.24878-

FINANCE AND

COMMERCE

U.S. OFFERS HELP TO PHILIPPINES

-ON

British yards launch tankers for Scandinavia

Five large new tankers for Standinavia-four for Norway and

one

for Denn-ark have bren Imunched from British yards.

The second largest lanker over built on the Tyne, the 24,500-to Credo, was launched by Vickeraa Armstrongs for A/S Jensens Re- deri 11. of Norway. The Credo has on overall length of 693 feet and ils main propelling machinery consists of a six-cylinder Vickers Doxford oil engine developing 7,200 b.h.p. and providing a ser- vree speed of 13 kncts loaded.

CONDITIONS

Washington, October 28.

President Truman has called on President Quirino of the Philippines to make sweeping reforms in his administration as a condition of ro- coiving American economic aid,

A report made to President Truman by an Ameri- can survey group recommended a five-year aid programme which would cost $250,000,- 000.

The programme was based on Filipino self-help with tight United States supervision over the spending of the money. Steep tax Increases were urg ed to boost revenues by 60 per cent to balance outgoings.

The report, which came four years and three months after the Philippines had gained its indep

endence from the United States, charged widespread ineffelency and corruption in the Governinent service.

bluntly that the Philippine Go

had failed vernment

to deal offectively with its post war probleme

The report was published today both here and in Manila, the Philippines capital. Onicials in there had Washington

said already been a firm pledge, of co-operation from the Philippines Government.

President Quirino had asked for the survey, noting that the Tan 24,400-ton tanker Bolette,

United States and the Philippines the first of five big lankers that

had been the closest of friends Harland and Wolff are building The situation was being explo-

century. for over half

"Our Fred Olsen

President Truman said: for

of Oslo; was ited, the reported added, by the Jaunched at Belfast. The ship Communist-fed Hugbalahap relations have been marked by will be the first to be propelled | guerilla. movement. Leaders spirit of straight-forwardiness by sne of the new Harland-B and

Agriculture and business, and candour in our dealings with W diesein.

had was said,

been each other. I earnestly hope that of

we can continue aware to Improve the economic

The Clyde launchings for Nor- the 18.500-tos matur way were tanker Hektoria which was launch- ed freta Llethgows yard for A/S Hektor. The single scrow

motor tanker sinta was launched by Wolft for Mr. Per and

caf. Fergen, She is de-

carry 12,000

signed to petroleum in balk and length of 400 feet.

tens of has

The new tanker for Denmark

ins it

not

their responsibilitimirit".-Reuter.

of the lower income group and the public lacked confidenes that the Government would act firmly to protect the interests of all the people,

Production must be increased to ruise wage levels and to open new opportunities for work.

Blunt accusation

to

is the 13,000-ton Rosa Maersk She was launched at Blythe for The economle ald recommended Messrs. A. P. Meller of Copen-would cost $250,000,000. The report

the aaren

submitted was built by and

was

President Blyth Shipbuilding Company. Truman by a special survey mis- Other tanker launches from. sion headed by Mr. Daniel W. British yards include the 12.000- Bell, former Under-Secretary to ton Loganfield, built by Harland the United States Treasury, for

and Woir for Hunting and Son, which the mission

recently and the 8,000-ton British Navi- investigated the economy of the gator built by Joxph L., Thomp-Philippines. seu for the British Tanker Com-

The committee, on the baals of a two month survey, cald

pany.

Ruble over valued, economist asserts

Washington, October 29.

A Polish economist of the World Monetary Fund says the Russian ruble iş over-valued by about 150 por cent in exchange rates established by the Soviet.

to

On the basis of purchasing power, he said, the true value of the ruble

appears

be about 10 cents U.S. instead of the 25-cent rate Russia set in a-currency-revaluation-move. last March 1.

The analysis was made by Mr Marcin R. Wyczałkowski in a pub- Hention put out by the Fund with a notation that the views express ed are not necessarily those of the Fund.

Mr. Wyczałkowski has remain

aut her costa in satellite nations and in Russian-controllad Wes- tern Germany.

He noted, however, that these costs could be reduced for Russia only in the cases of goods and ser. vices not covered by clearing

trade agreements.

The Fund analyst suggested that Russia

would be unable to make the ruble into an International

trade accounts.

"To do so," he said, would "In- volve radical changes in (Soviet) economic planning, and for that

ed on the Fund staff although Po-matter in the whole economic sys- land left the Fund and the World Bank last March with a blast against the 40-nation Institution for being "subservient" to the US.

By raising the official ruble rate in March from its

18-cent "value," former

the economiat said, Russia may have

AMERICAN PIONEER LINE BANK EXPERTS

to and from

Atlantic Coast Parts of

the United States and Far Eastern Ports

NEW PAST CARGO SHIPS

AKRIVALS FROM ATLANTA

ONEER TIDE"

IONEER DALE"

PIONEER, WAVE"

SAILING TO MÁNILA

$

Oct. 31

Det.

Dec. 23

PIONEER TIDE" via San Sernando ... Nov. 1 PIONEER WAVE" vin Yokonama Kobe &

Takubar.. Dec..24

"BAILINGS TO NEW YORK, "BOSTON, BALTIMORE, PIULADELPINA via JAPAN & PANAMA CANAL

"PIONEER MAIL" "PIONEER. SEA” ' "PIONEER TIDE" "PIONEER DALE"

.Arr. Oct. 29 Sails, Oct. 30 Arr.. Nov. 2 Balls Nov. 1 Arr.. Nov. 12 Sails Nov. 14 ..Arr. Dec. 5 Sails Dec. 7 F'er ratas, special information call

UNITED STATES LINE § Qason's Bldg. COMPANY

Tel: 28196..

Thế chuti Mat” fodiorise the geincipal'serts of loading and bedenisky bylandak het met their rotalien," For further

VISITING U.S.

New York, October 28. Eighteen European banking countries experts from member

tem of the USSR, and is in an" event impossible on ideologica! grounds."-Associated Press,

Dbtained.

In this

sanic

NY COTTON FUTURES STILL REMAIN FIRM

New York, October 28. Cotton futures continued firm today although the market did hot display as much strength as in previous sessions.

bale.

Some of

During early dealings advances ranged as much as US$2 This level attructed Increased as well as hedging. prof-inking as The advance was due to a con- tinuation of trade buying and scarcity of offerings. the late selling was attracted to the market by Washington dent. als that officials were contemplat- ing

cxpor increasing ection quotas. Such rumours were the strumental in boosting cotton prices sharply on Friday.

Futures closed tunchanged to

a bale higher. $1.20

December

Murch May

July

October December

March

50.60-37

40.60

40.00

40.30

30.94

36.40

30.28

36.30

Middling spot 41.41 nominal

Associated Press.

NEW ORLEANS COTTON

New Orleans; October 28. Cotton futures advanced hera today en week-end short covering are trade buying. Closing prices were steady, 15 to 20 cents a bald higher..

December March May July

( 30 82-26 October

36.43 Spot cotton closed steady 50 zepis higher.

40.40 Middling

-Associated Press.

1

40.47 40.50--32 40.24-20

NOTICE TO CONSIGNEES CONSIGNEES. PER

BARBER LINE

M/V "TULANE"

that

Are hereby notified their cargo is being discharged into the Hongkong & Kowloon Wharf & Godown Co's godown where it will be at consignees risk and subject to the Wharf's terms and condition of storage. and where delivery may be obtained..

ex-

Damaged packages are to be left in the godowns for amination by Consignees and the Company's surveyors, Messrs. Goddard & Douglas at 10 a.m. on November 2, 1950,

Profit-taking

on Chicago grain market

Chicago, October 28,

at

tha

Galus hati to absorb a good deal of week-end-profit-toking todny, a natural result after the advances secred earlier in the week.

Corn hacked down start, meeting more prost-taking than

an anything else, but came ahead toward the close. Suybeans, particularly the distant contracts. showed some frnness on reporta of higher quotations in, crude vegetable oils.

Wheat was a relatively weak

spot

P&O B.I. E&A

COMPANIES

PENINSULAR & ORIENTAL S.N. CO.

PASSENGER/FREIGHT GERVION

OUTWARDS

"CANTON

"CHIRAN"

***CARTILAGE"

LEAVES LONDON

-Sulled

7th November

kath Korymber

Via Bouthampton, Pari Bald," Adan, Douber,

HOMEWARDS

ANDORA,

23rd Novembes,

DUM HƠNGHUNG

-

Rüth November.'',

Atli Drvetbag

18th December

Colombo, Pazary &

BUE LONDON

14th December. :

'LKAVES HONGKONG

*1#. "CANTON":

Scember

Whent closed lower to % higher.

«A. "CHUBAN

Dia Decembe

6th January

8. "CARTHAGE" :

22nd "Dressaber.

Hind JanuaTY ·

*

19th January

19th February

$2.25 -

BE "CANTON""

18th February

19th March

$2.30

"CHURAK**

A4th Pubrzars

May

$2.18

„idth' March,

16th March Jeth April

Coni Dezember $1.54 %-1⁄4 Outs Necember 84- Rye December $1.44

Soybeans were 14-3% higher.

November

$2.58 14-$2.50 k/4. -Associated Press.

'Python' speeds coal drive

A

The latest mechanical ald, in the UK, nutumn drive for in- creased coal production has just one into operation, for the first

Britain, in time in

a County Durham plt.

Product of a Gateshead mining machinery Arm, it is known as the Python Conveyor. It is hoped that this new machine may be the answer to the problem of left in pillars after winning

coal previous working. If successful,

It will

render obsolete the traditional system of working such coal by hand put- ting and pony putting...

One of the advantages of the Python is that it does not, like other conveyors, need to be dis- mentled to be moved as the face advances. Easily operated jacks, set at

at intervals along the con- yeyor, push it forward close to the new face. As parts of the free are completed, the conveyor can be 'snaked' forward in sec- tions without interrupting pro- duction all along the face.

FURTHER FALL IN UNEMPLOYMENT

A rise in the total working population and a decline in the number of unemployed were feas tures of the British employment situation in August.

According to statistics just re- by the Ministry of Labour,

leasedking population rose dur-

the ing the

the month by an estimated 72.000-largely due to the intake into Industry of school-leavers. The unemployment force declinod over the month from 288,300 to 283,800-1.4 per cent of the total number of insured workers.

NOTICE TO CONSIGNEES

From UNITED KINGDOM PORTS and STRAITS Consignees per ship S.S. “SOUDAN"

arrived 28th October, 1950. are hereby notified that their cargo, will be discharged into the Hongkong & Kowloon Wharf & Godown Co., Ltd. where it will lie at consignces risk and expense and subject to terms and conditions of storage of the Hongkong &

Godown Kowloon Wharf & Co., Ltd. The cargo is expect- ed to be ready for delivery from the Gorlown on and after October 30, 1950.

"CORFU

10. "CARTHAGE"

• Diarmbirka pesengers að Biuthampton on aård December.

Accepting cargo for Blagapore, Fenang, Colomba, Bombar, Aden: Fort Bald & London

OUTWARDS.

M

"RONDAN"

* "HUBAT

HOMEWAJDO

14. "ABILLONG"

... "DUDAN"

Is

FREIGHT SERVICE

DEM HONGKONG, -

In pork

14th. November

ነ

FROM London & Continent.

LEAVER HONGKONG FOX

1st November London & Content. 23rd November

Accepting Cargo for Singapore, Port Ewestanhant, Penang, Gokota- bo, Aden, Port Bald, Genon, Marselfies. London, Hamburg, And werp &“Botterdapi. With liberty to call at Bombay if Indocument

Fern

TANES AVAILABLE FOR CARRIAGE, OP OIL IN BULK S SPACE FUR BEZRIGERATED CARGO. LIMITED `PASSENGER ACCOMMODATION,

BRITISH INDIA S.N.. CO., LTD.

***. "TAIREA"

* "BANGOLA"

dua 8th Nov, salla 7th Nov.

2

+

In port

Mala joth Oct

from, Japan,

tor. Calcutta, Renroun

Straits,

from Calcutta, Rangoon

via Siraita.

for Jap

• There ships have' Defrigeráteď Cabro spees.

P. & Q./B... JOINT SERVICE

ma. "OZARDA”

"ITOLA"

de Bit Och

Balls Bed Nov.

from Etralia, Bangkok, Colombo, Bombay, Kara ab Perelan' Quif. for Japan.. from Japan

dua, 4th Nov. Balla 8th Noy, `for

Biralta, Madras, Colombo, Bambay, Kara thì à Peralan' Quif. ...,

EASTERN & AUSTRALIAN S.S. CO., LTD.

** "RELLONE*

6. "KANKIN” **, *EASTERN"

malla 18th Nov: for Rabiul, Fort Horet.

ails Esch Now

duo, 1st Deo.

by,

Brisbane, Bydney. Port Kembla, Kaibocrna,

Adelaide Promanila.

for Australian Porta,

from Australia,

All vessels, have. Liberty to call at any ports on or off" the route, and the routes and sailings are subject to change or amendment with or without notice.

Full particulars apply MACKINNON, MACKENZIE & CO.

Telephone Nos-27721-4

́ ́NOTICE-TO-CONSIGNEES "NOTICE TO CONSIGNEES

From PERSIAN GULF, From CALCUTTA, BANGOOK

KARACHI, BOMBAY,

COLOMBO & STRAITS

Consignees per ship

*** ·M;S. “OZABDA"

& STRAITS Consignees per ship

AL. "SANGOLA"

are hereby notified that their are hereby notified that their cargo will be discharged into cargo will be discharged into the Hongkong Kowloon the Hong Kong & Kowloon Wharf & Godown Co., Ltd.; Wharf & Godown Co., Ltd., where it will lie at consignees where it will lie at consignees risic 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 & Godown | Co., Ltd, - The cargo is expect~/ Co., Ltd. The cargos ex- Ped, to be ready for delivery pected to be ready for delivery.] from, the Godown on and `after, from the Godown on and after October 30, 1050,', October 30, 1950,

Cargo is considered as be-

Cargo is considered as being ing accepted in good order and

Cargo is considered as being accepted in good order, and condition by consignees, unless accepted In good order and condition by consignees, unless broken, chafed and damaged condition by consignees, unless broken, chafed and damaged. packages are left in the Go-broken, chuted and damaged packages are left in the Co down for subsequent examina-

packages are left in the Go- | down for subsequent examink- tion by Messra. Goddard & down for subsequent examination by Messrs. Goddard & Douglas in the

tion by Messrs. Goddard & Douglas in the presence ot consignees,

Douglas In the presence of consignees, (at: -10 "am. November 1, 1950.

consignees, "ot 10am on November 2, 1950. November 3, 1950...

at

presence of on

10 1.70.

NOTICE TO CONSIGNEES

Consignees Par STATES STEAMSHIP CO.

B.S.. "COLORADO"

are hereby notified that the cargo is being discharged into the Hongkong & Kowloor Wharf & Godown Co's godown where it will be at Consignees risk and subject to the Wharf': of the Organisation for European and where delivery may be terms and conditions of storage Economic Co-operation are riving here today to exchang information with American

Damaged packages are to be bankers and discuss co-operation

left in the godowns for exam- in banking business practice for International Bnancial

Ination by Consignees and the transac tions.

Company's Surveyors, Messra "The mission, arranged under Carmichael & Clarke at 10- the Economie Co-operation Ad- a.m. on October 30, 1950.

To comply with the General ministration's technical assist-

Bonded Warehouse Regula❤ includes bankera To comply with the Generations, consignees must have à ance scheme, from Austria, Belgium, Britain, Bonded Warehouse Regulations Revenue Officer in attendance Denmark, France, Germany Consignees must have a Re- when damaged dutlable goods

All damaged cargo claims Greece, Holland, Ireland, Italy,

against the steamer must be venue Oficer in attendance Norway.

Sweden, Switzerland when damaged dutiable goods

are examined.

presented to the undersigned and Turkey,

No claims will be admitted

on or before November. 21, They will attend the National are examined. Foreign Trade Convention here No claims will be admitted after the goods have left the 1950, or they will not be re

all cognised. and take part in discussions on after the goods have left the steamer's godown, and means of increasing European ex-

No fire Insurance will be ports to dollar markets while re-steamer's godown, and all goods. goods remaining undelivered

after after November 3, 1950 will effected. tho costs of financing remaining undelivered

October 31, 1950 will be sub-be subject to rent."

No claims will be admitted they will liave, talks with ject to rent,

after the goods have been after the goods, have been after the goods have been taken delivery of ex ship's taken delivery of ex ship's taken delivery of ex ship's side side or alternatively ex the side or alternatively, ex the or alternatively ox.the Hang

Hongkong & Kowloon Wharf Hong Kong & Kowloon Wharf Kong Kowloon Wharf & Gow & Godown Co.'s premises und Godown Co's premises down Co's premises unless less a joint survey has pre- unless a joint survey has re- -Joldt survey: Has previously No Fire Insurance will be viously been effected.

viously been effected: ** | been affected. *MACKINNON MACKENZIE MACKINNON MACKENZIE MACKINNON MACKENZIE & COA

ative American bodies.

they

All claims against tin After three weeks in New All claims against the stea-steamer must be presented to York, the mission will return, to mer must be presented to the the Undersigned on or before the Paris Headquarters of the Undersigned.

an or before November 10, .1950, or OBEC to draw up its report. November 9, 1950 or they will not be recoghlaed.

will not be recognised:

No fire Insurance will be effected. Leffected:

Router.

DODWELL & CO., LTD. Agenta,

2.

are

To comply with the General

To comply with the General To comply with the General Bonded Warehouse Régulation, Bonded Warehouse Régulation. consignees must have a Re-Bended. Warcho::se Regula consignees milist Hove a Re venue Officer in attendenci

tion, consignees must have a venue Officer in attendenco

dutiable when du'lable goods, are ex-

goods. Revenue Officer in attendang | wien when amined.

dutiable goods whe camined. examined.

damaged cargo claims All damaged cargo claims against the steamer, must po against the steamer must be presented to the undersigned presented to the undersigned on or before November 18, on or before November 19, 1950, 1950, or they will not be re- or they will not be recognised." cognised.

Agente,

Frankfurt: October 23.5 The West German Inter-Minis terial Import »^: Committeo ajan- nounced⋅⋅ today that tho Nord- deutscher Lloyd Shipping@Com-jig pany at Bremen flid Boon allocat. Hong Kong, October 20, 1950. Hong Kong, October 23, 1950. | Hong Kong, October 30, 1050,

| ed^$145,840 - to bux á tug-bont

from Greece-REHIST

· DODWELL & CO., LTD.

Agente♬

P & O 5. Ni Co

-་་

No fire insurance will be No fro insurance will be

elfòcte effected.

No claims will be admitted No claims will be admitted

& Cour Agents, BL SN Co., Ltd.

Hong Kong, October 30, 1050.

Agents

BI SN.

Hong Kong. Dete

19302