1950-12-27 — Page 11

R.I.L.

ROYAL

INTEROCEAN

→ SINGAPORE JAVA

PORTS and

MACASSAR

ARRIVALS

་

"NIEUW HOLLAND”

In Port

"TJISADANE”

"TASMAN".

In In

port Port

"TJITJALENGKA”

6th Jan. 51

"VAN HEUTSZ"

7th Jan. '1

LINES

Only to Singapore, Penang & B. Dell

MANILA, EAST &

SOUTH AFRICA, and

SOUTH AMERICA

"RUYS"

"BOISSEVAIN”

"TJIPANAS"

**TJIBADAK"

- JAPAN

"RUYS"

"TJIPANAS”

"BOISSEVAIN"

ARRIVALS

19th Jan. '51 25th Jan. '51 1st Feb. '51

ARRIVALS

8th Jan, '51 .12th Feb. '51 7th Mar, '51

SAILINGS

27th Dec,

1st Jan, '1 8th Jan. '51 14th Jan, '51

SAILINGS

10th Jan, '1 0th Mar. '51 14th Feb. '51

THE CHINA MAIL, WEDNESDAY, DECEMBER 27, 1950.

NOTICE TO CONSIGNEES

KA "LAFAYETTE”

Having arrived Hongkong can- signers of cargo are hereby notified that all goods have been landed and placed at their risk and ox- penso into the godowns of the longkong and Kowloon Wharf and

Co., Ltd. Godown

where dellvory may be obtained д soon as the goods are landed.

No clalina will be admitted after the goods have left the godowns, or Kature tu attend the survoy,

All broken, chafed and damaged where they will be examined in and Douglas on the 27/12/50 at 10

goods are to be left in the godown the preselice" of MeaATE, Goddard

J.M.

To comply with the General

Warehouse Bonded

Regulations, consignees must have a Revenue Omeer, in allendance when exami- ning damaged dutiable goods. Al elalms against the vessel must be presented to the Undersigned with- in fourteen days of the aug's Arrival, or they will not bo re- cognized.

No fire Insurante will be effected.

WALLEM & CO., LTD., Agents.

CONSIGNEES

Telephone 30011-5.

NOTICE TO

"TERSĽUB"

28th Jan. '51 21st Jan. '61

SAILINGS

·

Agents: HOLLAND EAST ASIA LINE

• EUROPE via MANILA.

and MALAYA

"MARIEKERK”

"MELISKERK”

Mediterrancan and Northern

European Ports.

Through Ha/L Issued

O JAPAN

"MARIEKERK"

"MELISKERK"

to

ARRIVALS

..Mid Jan, *51

+ not calling at Manila

SAILINGS 11th Jan,'61 10th Feb, 51

ARRIVALS

SAILINGS

7th Jan. '61 0th Feb. '51

Mid Jan. '1

KINGS BUILDING, TELICRONESI, 2013 13 LÄUM

CHINOSE

NAUGHEY UDAD, G. JOSHUA 2018

BRITAIN

LOOKS BACK JARDINE, MATHESON & CO.,LTD.

TO EXCELLENT YEAR

(FROM OUR OWN CORRESPONDENT)

London, Dec. 22.

Britain has every reason to look back on her economic progress of the past year with satisfaction. The "dollar gap" had been closed, a large trading surplus with other members of the European Payments Union has been built up and our industrial recovery has made us inde- pendent of American Marshall Aid.

American

On

Outlays Equipment

ex fils vertel Damaged cargo will be surveyed at Holt'a Whart year

cember 21 and 28, 1850, and

algnees are requested to have their representatives present during the survey.

ever

FREIGHT AND PASSAGE DEPARTMENTS 18 Peddar Birent, Tel. 20311.

INDO-CHINA S.N. CO., LTD.

.. "HANGBANG"

1. "WINGBANG" ** TAKBANG" 5.5. "EBANG" 0.0. "OHUNGANG"

1.6. "TAKSANG"

"WINGSANG"

LE "ESANG"

Side by side with these salutary trends have appeared other less welcome factors. The closing. of the dollar gap was accomplished by the strictest economy in purchases from the dollar area not only by this country but by all members of the Sterling area.

Russian orbit.

billion

a

SAILINGS TO

Bandakan Kaalung

Straits & Calcutta Japan

Noon 27th Bac.

2nd Jan.

Kad Jan.

3rd Jan.

Tiantain

14th Jan.

ARRIVALS FROM

*Tientsin

29th Jan.

Keoluna

30th Doo.

Calcutta & Singapore

31st Dro.

Cargo accepted on through Bill of Lading for MADRAS PONDICHERRY vla Singapore and for KUDAT, JEGGELTON, LABUAN, TAWAU, LAHADDATU & SEMPORNA via Bandakan.

ARRIVALS FROM

AUSTRALIA CHINA LINE LTD.

Japan

12th Jen. 10th Jan.

m.v. "EASTERN SAGA"

Australian Porta

28th Jan.

has

BAILINGS TO

Our efforts to expand exports to North America even with the stimulus of devaluation had only partial effect on the building up of dollar' reservés.

The main factor has been the [duction. From the surplus United States business is

high price of Sterling area raw supply of dollars made avail- planning to spend more on materials which have been able by the American loan and new factories, machinery, flowing Into Americn at

other an ald programmes and

$1.5 and other equipment next unprecedented rate to sustain transactions

tha'n

before, that country's expanding indus-been converted into gold, pro-

and to swell [trin} output

tisducing overall recovery in gold between 10 am. and Moon on De-according to the preliminary strategic stockpiles,

reserves of $2.2 billion for non- dollar countries outside the survey made by the Com-

To this extent our recovery merce Department and the is artificial, it is based large

Dollars piling up outside the Securities

Exchange ly on the high price of raw and Commission.

materials that are now in great United States dollar area which

have not been converted demand for defence purposes. This expenditure is expected These conditions obviously pro-gold are represented mainly in vide по solid basis for long-increased deposit balances with NOTICE TO CONSIGNEES to outstrip the previous peak vide

term recovery. If our hopes American banks and short-term

investments in reached In the second half of

the American fare dashed and wor spreads nda

These holdings in- 1940, when It amounted to throughout the world all our market.

$1.1 billion from nearly $20,000m, a year, or a efforts to achieve economic re-creased by per cent of the national Income. [covery will have been wasted from September 1040 (at the except to the extent that we time of devaluation) to August A this moment there must will be better able to produce 1050 and may by now have in- creased by a further half billion loaded at Atlantic Coast Ports for be more than ordinary signif-arms and ammunition.

If, on the other hand, settle dollars. cance in the customary reser-

DUTTERFIELD 逃 SWIRE, Agents.

Jongkong, Dreember, 27. 1950.

Consignees per Barber Lino's

"FERNSTREAM"

are hereby notified that all cargo

Hong Kong has been oft-landed la Sun Frunelsen as per order from

Cargoes Are Franelsen at the risk and expense of the cargo OwnerIS.

THORESEN & CO LTD, Agents,

QUESTIONS FOR U.S.

into

5.1. "BALUCHISTAN" m.v. "HINDUSTAN"

Japan

*** 13th Jan.

6. "BALUCHISTAN"

Fremantle, Hobart, Adelaide • *m.v. "HINDUSTAN"

Manus and Lao (both aubject to Inducement) thonoo Brisbane, Bydney, Melbourne & Hobart 29th Jan. m.v. "EASTERN BAGA"

Yokkalohl, Nagoya, Kobe & Yokohama

1st Feb. *Cargo accepted on through Bill of Lading to Tasmania, New Zealand and Pacific Island Porta,

GLEN LINE LTD. SCUEDULED SAILINGS TO UK AND CONTINENT

m.v. "BRECONSHIRE"

Loado at Holt's Wharf 25th December, Balls 27th December, for Straits, Colombo, Aden, Suez, Port Bold, Genoa, London, Rotterdam/Amsterdam, Ham- burg and Antwerp. Duo London 1st. February,

Loads 6th January, Sallo 8th January for Straits, Colombo, Aden, Guez, Port Sald, London, Antwerp, Rotterdam/Amsterdam Hamburg, Duo London 14th

February.

(Carriors option to proceed via other porte to load/discharge cargo) SCHEDULED ARKIV ALS FROM LONDON

Leave

m.v. "GLENGARRY" m.v. "RADNORSHIRE"

London Balled Balled

INTERMEDIATE SERVICE

Balled

Duo H.K.

28th Dec,

10th Jan.

20th Jan.

m.v. "PEMBROKESHIRE"

(All outward vessels accept cargo for Japan)

The United States Govemment. The valion of these surveys ment is reached with the Com- now mored in Sanlans for the year. as a whole munists, one of the main factors

m.v. "GLENEARN" If the gold and dollars are nze realised." The shortages of automatically be removed.

of in our lightning recovery will

But taken together the recovery in materials that are already being out

even when the present tension overseas holdings (excluding felt, not to mention the

possi bility of further

restriction of is cased there will still presum- Russia) probably runs to three- expenditures for civillon needs, ably be huge rearmament pro-and-a-half or four billion dol- must be expected to influence grammes to carry out. The de- lars in fourteen months.

materials will This "radical shift from the the pattern, if not the amount, mand for raw of business expenditures to an still be abnormally high and situation of a dollar shortage

will

con- to one of dollar surplus and the military the Sterling area increasing extent as

tinue to benefit.

Imperative need for a military requirements are stepped up in

Meanwhie our immediate ob- build-up creates a variety of 1051.

Ject is to build up our military now questions for American From the peak figure of $10,- strength to enable us to repel police," says the National City 240m, in the second half of any possible pet of aggression. Bank. 1948, the capital

One change of policy has outlays of At the same time we must ex- United States business dropped pand our exports by a further already been announced the next year to suspension of Marshall Ald to by stages to $8,100m, In the first

the effect of

do

the United Kingdom. The half of this year. Estimates at counteract the beginning of this year were teriorating terms of trade. This second-lowering of loans and must be done with the least grants to a level below that of that outlays for 1050 us

disturbance to the which the United States Trea- whole might just top $16,000m. possible These estimates were progress of crippling shortages

market-and in the face home

surs

has been spending for of raw these purposes during the last ively revised, especially after Korea, but even three months materials.

Foar has been recommended How this is to be done is the to President Truman by Mr ago the probable figure for the year was put, on the returns problem of the moment.

In Gordon Gray in his report on available, at under $18,000m.

this short survey it is only foreign economie policies. possible to bring out the chick

The report stressed that factors in the present state of America should make a "con- of our economy. It will be tinuing evaluation of the rela- The expenditures for the last many months-perhaps years tlonship between our commit- half of 1950 are now expected before the events of the pastments and

The wars our generation has witnessed have brought what wars have always brought disturbances, unrest and a feeling of general insecurity-that's the way of all wars. Industry and mutual trade-useful pursuits of peace-are the endeavours in the opposite direction. This concern has argued whenever it could, that free access, free intercourse and trade between peoples, contributes to peace and friendliness and security and takes the tension off where diplomats seem to fail. For, when all is said and done, people want the opportunity to work for a living. Trade and industry, free and untrammelled, not only con- tributes to that opportunity, but is a way of life. Vessels of our Line are plainly marked and can be recognized easily when they sail in and out of the principal ports of the world, and we like to feel that they are practical symbols of this philosophy: Isbrandtaen

INDEPENDENT

DEPENDABLE

Regular Sailings from Hongkong to New York, Baltimore and Philadelphia via San Francisco or Los Angeles

S.S. “SIR JOHN Franklin”

S.S. "FLYING CLOUD"

DUE FROM:

New York via Manila 1st week of Jan.

New York vin Manila

SAILS FOR:

·NEAK PEAK

our

capabilities." to amount to $10,100m, or with-year can accurately be judged In drawing attention to the fact $100m, of the peak level in relation to our long-term that the American purse is not during the second half of 1948, economic prospecs.

In

which would give a total for 1050 of $18,200m, against $18,- 150m, in 1949 and $19.230m, in

1948: the probable figure for

EFFECT ON U.S.

Britain's recovery and

bottomless, Mr Gray said that, American aid must be accom- panied by a "demonstration of to a self-help.

This need for charing the the first quarter of next year is lesser extent that of other non-

cost had

of developing "backward would dollar countries has put at $4,800m, which

Q areas" balance

is recognised in the represent an increase of 30 per startling effect on the

"clearly cent over the first quarter of of the payments position of the Colombo Plan which

During 1047 hinges on the contribution of when the dollar was at is American capital and technical "hardest" America

says the exported assistance," $15,000,000,000. City Bank.

1050..

United States.

worth

are

exports an annual rate

now of

The Department of Commerce arde and the Securities and Exchange goods Commission concede that higher American Pushan, Tsingtao, Taku Bar, Kobe, Nagoya,

costs may have Yokohama,

played a part down to San Francisco, Los Angeles, in swelling the planned expen- $10,000,000,000 due largely to New York,

ditures the increase Baltimore,

In costs economy practised by importing The Philadelphia,

Buston

and partly to their must have been important since countries vin Fanama Canal. 1st week of

1948--but they suggest that the efforts to obtain from other

also a "sizable" gures reflect

sources goods which they January.

formerly had to bury from increase in the physical amount

At the same America.

Tsingtao, Taku Bar, Kobe, 1st Nagoya, Yokohama,

do San week of Jan Francisco, Los Angeles, New Yurk, Baltimore, Philadelphia, Boston via Panama Canal, 1st week of January.

Lime

of plant and equipment. They

not try to estimate how the American Import bill has much of the increase has been grown to unprecedented pro- for stepping up military rather portions and is now running at equal than civil production; they do an annual rate roughly record that the figures point to to the value of her exports. But "an overwhelming response by as this figure includes exports the business community to calls paid for by the United States

various that Treasury under mounting

old

National

Clyde's

Biggest Launching

The largest Clydeside ship of the year, the 18,500-ton passen→ fer cargo vessel Ruahine, was launched from John Brown and

bank.

Transhipment cargo accepted for Jamaica, Havana and other military requirements programmes America has had a Company's shipyards at Clyde-

Cuban Ports, also Venezuela.)

LIMITED PASSENGER ACCOMMODATION AVAILABLE

Above Dates Subject to Change

For Information Apply to:

A.P. PATTISON & CO., INC.

GENERAL AGENTS: CHINA, FORMOSA, KOREA, JAPAN AND HONGKONG.

12-14 Queen's Road Central 4th Floor.

Tel: 25346

OVERSEA

CHINESE AGENTS:

CHINESE STEAMSHIP CO., LTD.

48 Bonham Strand West. 1st Floor.

Tels: 26127 & 31119.

Pacific For East Live, Inc.

DMECT

Fast Rogular Trans-Pacific Service

SAN FRANCISCO, LOS ANGELES

OVERLAND

NEW YORK-CHICAGO DETROIT-TORONTO MONTREAL AND ALL AMERICAN & CANADIAN CITIES

Fer

San Francinos de Los Arigelos Blogspate, Djakarta, Bombay,

Karachi Desai

be

con met without cutting civilian supplies to the

adverse considerable balance this year.

trade

The overriding question now, During the third quarter of Built for the New Zealand to the Shipping Company, the vessel n's exports whether United States reached $97,000,- was named by Mrs J. M.

PRINCE LINE LTD.

ARRIVALS FROM U.S. ATLANTIC & PACIFIC PORTS

Balls N.Y. Balls 6.F. Duo H.K.

Ballod

Balled 14th Jan

m.v. "EASTERN PRINCE"

EAST, COAST, CANADA & U.S.A, via SUEZ

m.v. "EASTERN PRINCE"

Loads 14th Jan,, for Wanish), Philippines, Java, Balgon

and Blam subject to Inducement, Straits, Colombo, Halifax, Boston and New York.

Cargo for St John (N. B.) Montreal and Bermuda with tras. shipment at Halifax or New York.

All the above subject to alteration without notice. All Intending Passengers should names as far as possible in advance at which they wish to leave.

register

their

of the

time

WATERMAN

STEAMSHIP CORPORATION

MOBILE ALA. USA

WATERMAN LINE EXPRESS FREIGHT SERVICE

FROM US. ATLANTIC COAST VIA JAPAN

5. & “WAR HAWK" 3. "JEFT DAVIS"

Due about

It

28th Deo, 1950 16th Jan, 1951

DIRECT FOR NEW YORK, BALTIMORE & PHILADELPHIA VIA JAPAN & HONOLULU.

8. & “WAK HAWK” .....Salis about.... 29th Dec, 1950 5. 8. "JEFT DAVIS”

17th Jan, 1981

ALSO ACCEPTING TRANSHIPMENT CARGO FOR GULF PORTE.

+

2

in view of the revision of de- | 1950 Britain's fence spendings, is military requirements can really 800-an increase of 13 percent Dawes, whose son chairman WALLEM & CO., LTD. be met without cutting civilian over the corresponding period of J. B. Westray and Company. supplies significantly.

last year before the pound was Mrs Dawes was "godinother"

Metal Supplies

were

and other products from

devalued. Imports from the of the last Ruahine, launched 41 дом plica United States during the years ago, which periba

$125,000,000 under the naine of Auriga for sixteen percent less than in the Italian owners, third quarter of 1949.

The new Ruahine will carry The vlow that widespread

Despite this adverse balance 250 passengers in a single class, redundancy of labour and aon direct trade with the United She will have a speed of 10 Sho 18 the twenty- serious decline in production in Statca. Britain's dollar reserves knots.

vessel to be built at all metal Industries may result reached $334,000,000 in the third second

The part played by Clydebank for the New Zealand from a shortage of non-ferrous quarter. metals is expressed in a state-overseas sterling area countries Company and associated lines. ment Lasued in Birmingham in building up reserves can be Her maiden voyage is scheduled

to be in May. by the British Non-Ferrous, judged from the fact that ex- Metals Federation.

ports of rubber, tin, wogl, cocoa:

and Criticizing the polley of bulk Malaya, Australia, Ceylon purchases, the Federation states West Africa at $310,000,000 in that the Minister of Supply has the third quarter were more not at any time called for the than double the figure for the advice of metal consumers in same period of 1940. Forward carrying out his bulk pur- covering of sterling require Canadian coal production for chasing policy, but it was a factments by traders which accom- the first oight months of 1950 that the industry was being panted the revaluation rumours was slightly above the 1949 consulted on the crisis measures also helped to well the dollar period with

The output of which now had to be taken..

11,801,305 tons (11,036,501).] Importa increased from 14,491,- 030 to 10,390,450 tons, 1949 imports being curtalled by the US, miners' strike.

NOTICE TO CONSIGNEES

CONSIGNEES, FEL

BARBER LIN

MY, "TALLTYRAND”

From

Artres

Walls

WEDWARD LUCKENBACET"

*T, J, LUCKENDACI”

San Franciaoɔ

San-Francisco

· #CALIFORNIA, DRART

Ben Franzdeco

Deo. 50

Jan

Doc. 17

Dec. 11,

4

Dan Roo

"JAN ANGELO, VICTORY"

Birmite

Jan. 12

Jan. 24

Jors. 13

Тап.

structions from the 12. Goyern- ment where it remains at the. and expense' at cargo.

San Francisco de Los Angeles.

via Japan

DODWELL, A CO., LTD2)

“PÜKITTIMÉ BHAR”-

Han Franchos & Los Angeles

amgupare, Djakarta, Colombo, Drobky, Karachi di Bawal

THE JAU PREHiontary esli United Binten Lärjen. On, sjubean pullatur,

wool.

PHENOMENAL GROWTH The growth in gold and dol- lar reserves of non-dollar coun- tries, desplie the slowing down of Marchall Ald to Europe, is policy," says the National City Bank of

of Now York as “pheno- #onal."

The change dates back to

billion

Coal

Canadian

Production

Agents

Hongkong & Shanghai Bank Building

Telephones:-88041—5.

Hy TO NORTH AMERICA By CANADIAN PACIFIC

Shortest Fastest Route Across the North Pacific

EVERY THURSDAY

from HONGKONG via TOKYO

• 4-engined

"Emprasses" Pressurized, Roomy

• Speediast Routo

• Perfect Cuisine Comfort Bilingual

Suez Receipts"Loungaire" Chairs

Canal

Trame revenues of the Buez totalled Company 2E2,477,400

October against £E.2,200,000 in Sep- 1ttember and 8,015,000 in

October, 1040,

are hereby hatined that cargo load devaluation of most currencies ed at Atlantic Coast Porta has been in relation to dollars. At that fandes et Los Angeley. under in ime United States gold reserve

1210 At

wha at rehlth

Since then, nocording to the Total revenues since: January National City Bank, nen-dollar 1, 1950, thus total ** 1.21,942, countries have probably added poo, as compared, with KE-18, 18700,000 009)• 10 BIBLE - FOR 150 400 in the - Correspondină

Stowordesséï

Canadian Pacific

ÜNION ELDGÁ

RLINES

WINGS OF THE WORLD'S GREATEST.TRAVEL SYSTEM