+
H
Page
THE CHINA MAIL, WEDNESDAY, OCTOBER 21, 1959.
Industrial Boom
Britain's
London
Closes
Can Supply Meet Up
With Demand?
Higher
Thie
London, Oct, 20.
stock narket closed
higher today after rallying from earlier lows.
mostly
Industrials were mostly frin, Steels turned lower in opening dealings but recovered later to
1ew post In prices. Motors
cases bigher, rallied and Fords closed at a new prakź
Gold stocks were quiet, tila VOTE mixed.
Gift-edged government bonds tcored substantial gains.--UPI.
Closing Prices
Gledged Bonds
BERR TEA
Consanda 21-EN Comult 475 Convey in 1 AG6-15-10
Burling 10
£04-13/16.
Puding Stock 2
**
Funding Lora
£91-3-10.
4
30, 2
..
FR6
1934/69
04/2004
4.
Savings 3 1055/55-
190129-
The
By OUR FINANCIAL CORRESPONDENT
London, Oct. 20.
HONGKONG
STOCK
EXCHANGE
Out Den Care Groszedinst
Business done at the Hong- kong Stock Exchange this morting mounted to approxi-
Steel Shares Hard Hit On
N.Y. Market
New York, Oct. 20.
motely $2,194,000, Noon quota- Stocks ran into selling in the late trading today.
flood and the morning's trans- actions: Bhares DANKS
Buyer Hellees
1010 10
election date announcement was the green light for the Federation of British Industries to sample fikk immediately its members' opinion of
for economy during the INSURANCES prospects pro-election fortnight.
thal
sample!
The report is based on replies from 717 Brms 51 per cent of w hem
more optimistic Were alant business outlock than in July, 40 per they had been cent "abol the sme." and two per cent gloomier.
with prices reversing an uptrend that prevail- ed early in the session.
10 100 1910
Steel abares 513 They registered 301006 101018
Union SHIPPING Wheelocks
DBY 10
6.00 0.70 2300 « DO
2000 a 50
1000 13
1000 G 63
DOCKS, ETC.
Dock
5345
Provident 14.00 14.80
Talkcom Dock 33 2346 LAND, ETC.
K ltd 1 312%
14
2000 + $56
33
".
500 450 1120 14.10
300 14.70!
32
Last week
Is this an accurate pointer to no a feel-and-figures how near the British industry is emerged
margin of physical pleture of the British Industry to the
Deoarece? a very buoyant pleture it was. It's indings should be balanced The steel supply problem plus against pre-election hupsing / the threatened shortage Of
lahour brings fras-these might have colour-
us back to the FI's Issue of Indiction. For just how 1978/0ted the replies to the
questionnaire--but it to clear long can the approaching indus- that the general level of demand | frtál boom surgé forward before for final products of industry shortages become apparent and was high and still climbing. before the employer arsin bidding for labour with juicy enticements and before Govern HK L meat is fced once ogain to pull hard on the reins?
The problem if and when it
could comes
be widespread. Until recently the boon was limited to Britain's durable con- sumer goods industry Now it is tanning out to other light engineering groups and even to some sections of heavy engineer- ing. This marked speci- feally in the rise in bank advances which today is still climbing smoothly. Admittedly the Beard of Trade's recent 3000 Ogures for capital outlay phans supposted a drop but the
Savings 3... June17 - LR31.
Savings A, 195/75 £77-7/16
Banks Barclay' Hank "A" Lat ned 5
Chattered Bank-31s Jingkong 43,
Insurance
Vakio Turunge Canton - ♬ M.
Aircraft and Motors Ballida Motor
D-21
Fifa Moter C-13% 34 eur.
Ders Co--32 31.
Huilding and Materialy Aperated Portland C-13 Flitchin Jaton Asocistes Oid PUs Ad cor.
-Coal, Blert & Engineering Babcock Wilcox 1.--50% inigd. Vickers Ltd--32 70d
Food and Tobarro
British American Tob, CH, LAG~ 63%
LW-40
Imperial Debates Ca
Miscellaneous
Iluarchnan Mass Lid u 1,0
Lid. Ord -74.
Hiti: Xe Bly-$4815 Undian
Dunlop Rubber Co-2
shi
270ngkok & Chinn Gas-2. Imperial Chemical-35.
14 Co-
Diever Lt. 11,4.
Paper
Howater Electrics
Carp Orillia Ed.
Radio
Arruelated Eretrical-
Electrical & Music 3. English Electric Co-488. Grneral Electric 47 30.
Hhipping
Indo-China ard-1
30
Steam Nay. Co. def
&D Steam Navigation def ord 424 34.
SLOTES
Great Unteral Store, "A"-1
Marks & Spencer Lid-d..
& C574 DC. Walworth F W.
Texiller Coats & PL4d-32 10134. COUFHUHI Late--494 9
Anglo-Amereats Carp o
South
B Gulierida ut South Afrin
B 100
Co Zine Corp On 714 ki cor. De Beer der 178 1
Free State Development & Invests
3.
Hongkong_ Tây. N BẠC.
Th& .
Nand 24 J
Southern Kita Cana L10- 27:
Union Corp-14.
We !
178 1
201
Getamiama-
West Band Com-23« (0. British Jurnee Petroleum Syndi
at 3.
British Petroleum
Half Gif.
Royal Dutch 14-1716.
Co
1.td-555
Pileum-
Shell Transport & Trading-140; lid,
Reter.
Rubber Market
Singapore, Oct. 20.
With overseas advices bet-i
ter than expected the market opened slightly higher and ruled quietly Demand for steady,
negli. was
lower sheet gible.
The market improved during
the afternoon with more
sistent buying on mark.
Per
Bigger Increase
Besides that many more com- pichler than before are chrer- fully expecting an even bigger; lueren in output, And it is reasonable to assume that had replies been gathered after the Tory victory expectations would have be even roster.
further in the Peering even answers of the 717 Arms includ-
ing the gloomy twu per cent, it ¦ Tory siretion win, could reverse
is apparent that the expansion- all that in a tree.
ary tend is widespread.
!
Output and home deliveries. are up; export deliveries are up! rate of home and overseas orders fairly high pre- is up; and a partion report the that over the part four months they have been taking on more labour and that the number of hours worked has also go up.
This last point added weight to the feeling that the labour market is tightening fecting did not --though that
manufacturer's dampen the optimism.
Watching
the
There will be some at least who will be
watching business investment plans very carefully in the next few months, It will be then not now, that some Indication to the extent
and duration of the approaching boom will emerge.
were hard hit. losses running
to two points in the leading iscura acar closing time, Chemicals turned lower end electronics issues awung around from
to Bubstantial gains losses of onb to two points in
instances. many weakened as did metais. sipped back fractiona la than a point.
Colombian Carbon Co. Conmiliated Paper Continental Oil of Dei. Damond Alkali Diamond Gard Dalilter-Seagrama Dominion Stores Douglas Alrea
Iw Cherical
El Paso Natural GoR
FRANSPORTATION
Shipping World
Finds Flags Not
So Convenient
A number of recent developments in the shipping world have combined to put a somewhat different complexion on the threat to ship- owners posed by flag-of-convenience fleets. Costa Rlea-hird to Liberia or three years old,nre excropt and Panama among the flag-ot- from all tax, while thuse up to convenience countries has 20 years old are entitled to a 60 passed a law concelling the re- per cent reduction on the res- gistration of foreign owned ships pective rate, in both enses for ünder its dag. Existing registrá... a specifted period at time follow- tions will remain, but no future ing admission to Greek registry", foreign owner
will be able to take advantage of Costa Rica's favourable tax laws.
At least one major oil com- pany Caltex has recently, for operational reasons, transferred ships to the British flag that
of Bags formerly flow venience.
Family Finance Carp.
Qils
Firestone Tyre & Rubber
Ralls
First Net, City Dank
B
Ford Motor Co. of Cana,
more
Georgia Pacific
495.
General Dynamics
SOFT SPOTS
Gen. Pub. Uni
Ge. Tyre Rubber
There were soft spols in motors,
the
Goodrich (D. F.) Co.
cameras,
air-
Grumman Aireran
Gult Ol..............
45% 251 09 67:4 2122 110%
Hainmond Organ
60
Heyden Newport Corp. Bram Walker ........ Homeriake Mining Co.
14
4344
10
<35%
IST
20
120
IST
Tob. Co.
25
B
34
cent of all
100
AJ
121
National Steel Corp Noranda Mines Ltd. Norfolk & Western By. North Amer, Aviation
સ
flag.
Northwest Airlines (Cont.) On Mahlerary Owen-nola Ga
IP:
47
1071/
Philip Morri
635.37
Pitney Bowen Procter & Gamble Co, 10759 Publicker Industries
30%
201
374.37%
Humphreys Realty RUBBER Amalg
18.20
1.10 1.725
3.00 35
700 ## $11 100 371 teca à 371, POO H 10's 1000 1.723
2000 244
2030 er 360
UTILITIES Tram
lx:
3074 11
133
200 131
100 131
:
125
128
18.30
186
2000 £8,40
1340 @ 18.40
18.4
2315 C
Star Ferry.
Youmati
C. Light
נג
McDonnell Atromedi Memobi Iron Corp.
150333%
300 11 5031 500315 40001
1000 430 500 + 32 5000
tyres,
crafts, building shares, motor equipments and special stocks.
Wall Street disliked the turn
of events in the injunction pro-Husman Refrig.
poedings to end the steel strike Idaho Power
Union temporarily.
Lawyer inland Steel Co.
Imperiat O presented their side in volume interchemical Corp. and threatened to fight the in- international Paper Junction to the bitter end. Also Kalser Industries it was indicated There Would Kimberly Clark
Leggen & Myers temporary injunction dy p grantes at this time,
Lower & Sons Trading pleked up on the late McDermott 7. Nay decline with sales crossing ye
terday's total.
Monsanto Chemical Co. Of a total 1,200 issues traded, Motoros In
1000 m 1840 * 348 were higher and 028 lower, National Biscuit Co.,
2004 19
100024
300 12.00
1000 300 2000 ODS 1500 38
13002100 300 21,30 500 4 ZÜRI 200 A 21.80 100 2180
500 M 22 1000 2020 BOOD er 20 140 300 2230
American Exchange volume Namat Dairy Prod. was 090.000 shares.
Bonds amounted to $5,200,000. New York Stock Exchange volume Today was 1.740,000, shares.
Dow-Jones closing
were;
30 Industrials
20 sails.... 15 utlen
US stocks 40 bonds
| Oxford Paper Co.
averages Fray J. C. Co.
not quoted; Pure On
21147
Closing Prices
Abiübl Stwr, k. Paper Algoma Steel Corp. Allied Mlm Ine. Am. Brake Sane American
America Cyananild Co.
Amer A Form Power
Radio Cop. Pref. 81.04 | RusiĘCON
3712
Royal Bank of Canada Sears, Roebuck & Co. Shell Co.
Safeway Stores Faint tee. Paper Bichenley Inc.
Paper
St. Kine
Solar Aircraft
Electric
24 24,20
2270. 21
15.
12.50
13
111 13.20
Telephone INDUSTRIALS Cement...
30% 30%
36 30
395 or 3015
Rape
Amor Can STORES, ETC. Dairy XD. 21.10 23.10
Not everyone of course shares!
Watson the view that the situation will Craw. reach the point where anti-
Emporiun Inflation
will measures
be
Textle necessary. Some observers con-
Nanyang sce Britain despije the pointer of steel shortage, enter- ing an inflationary boom of the 1955 variety.
Corp.
% 30
With
23.80
2.34
0.00 0.00
10
42
24.09.
French
4831
Cable
A Radip
D%
Southern Co 177
304%
57
Southern Nethral
357
100 1015
11
24 16.20 Am.
Спа в лectric
Stene & Webster
Routhern Railway (Com)"
BU
1000
1043 Am. ffome Prod
150
Textron inc
2000
16.30 Am. Mnen. & F'dry
9422
Thiokol Chem.
Am. Natural Gas
Tide Water Oil
915
301
Time Inc......
14.40
211
Troder FinACE
Tri-Cont. Warranti
20
6.30 6.4*
Twentieth Century Fox Film
321
19
Unies, Olt of Cal.
437
12.20 121
35
United Fruit
201
404
United Gas Corp.
3412
US. Line Co.
U.S. Steel 7 PC EF
Wauke ha Motors
MISCELLANEOUS IIK Const.. Vibro
INVESTMENTS UK & FE Invest
Black Cloud There is however a hint of one black cloud on the horizon which even the most convinced expansionist should not ignore. with economic activity thrusting ahead at this rate and with the ughtering of the labour market it must be asked whether orders for gonds and services now threaten to execed industry's would be that the economy at ability to meet them.
present le trotting along at a Conrider for instance reports pleasant pace. It requires as you that the steel output in Septemno jerk on the reins nor a touch ber was running at 20 per cent
of the spur. The way would three-shift of capacity. working has now been restored: seen to be open for a carefully selective expansion with em-
To support this view there 19 certainly little evidence of a Ini. movement to accumulate slocks. And pressure
on selling prices and prodis is still going down.
that
All in all a fair assessment
in several of the larger steel phasis of areas of heavy unem- wories and yet despite this semeployment and on wooing of sections of the motor industry economically worthwhile pivest- are suffering from a sheel steel munt-London Express Service. shortage.
Synthetic Rubber
Company's Success
London, Oct. 20.
An expanding market and
the
ments
result of achieve-
in research,!
development and produc-
tion combined to make
Yesterday's Closing
An Sugar Ref
Asberias Corp.
Halwin-Lima-Itam,
Bank of Montreal Bank of Nova Scotia
Heich Life Savers
Bell Telephone Bentleint Financu Stendix Aviation Corga Ilenguet Cus
A rulaan
Exchange Rutes Harden The Co
Business
5.73 14.31
was done In the focal exel:ange unomics!
this market nowing at the rollowing rates;= US dollars (per $5) .... Biering notes (per £11 Australian noten (per ɛ1) Indonesian rupiah (per 100) Sinm tlcals (per 1001 Singapore (Straits)
Burroughs Add Machine British Amer, O
British Columbia Flee. Calif. Packing Corp. Cana. BK. of Conta Campbell Soup Co.
Case 43. Co
Tractor w
1222 Cal Financial Corp.
.TU Chase Manhai. Dank 10 Cluet Peabody
COMMODITY PRICES
SUGAR
NEW YORK
Closing prices all in cents per
.:
Oct: 1.15; Jan: 5.17: March: 3.19: ·
the first year's full opera- Contract No. 4 (world) tion of the International May: 322: July 23; Sept: 327; Synthetic Rubber Com Oct: 3.39 Jan; 331: Spol-1.0.b. pany
"unqualified Cuba: 1.25. the success,"
company said in a press release to- day.
an
Exactly а year has para since ISR went into full-stream
a very in bulk production
at their new
Most operators inclined g mullion plant at Hythe on
to adopt a cautious attude, Southampton water. believing that full reaction to
been seen.
In the course of the year ISK
stockpile selling had not yet have Increased their range of
Intol styrene-butadiene synthe Lower shoots were still quiet, tie rubber from three to six and In London, the market was the company now list Austral- firm with spot quoted at $22ks, Africa, India, Scandina- pence per pound.
rubber
In Amsterdam, the market was steady today.—UPI.
London Shares
Underwritten
vin, western and custern Europe and the Near and Fur Eist among their customers.
DEMAND
15H
announced
Last month that in view of Increased de- and for synthetic latex, work had begun on a new plant at Hythe which would produce 2 million gallons ol this material a year.
This, following closely on the London, Oct, 20, Appointment of ISR 25 sole Underwriting of an issue of agents in the UK. for Socabutyl,
Total Sales: 243 contracts. Open interest: 7,301 contraria.
Contract No, 6 (domestic) Nov: 6.08: Jan: 5.83; March: 0.61: May: 5.64; July: 6.79; Spot-(C11. N.Y. ex-duty) 807,
Total Sales: 114 contracta. Open Interest: 1,525 contracts.
---UPI,
METALS
NEW YORK Closing prices, all in cents
per lb.: Lend
Zinc
gel.
Der.
Copper
Dee.
Tin
Oct.
Dec.
seven milion ordinary one product or Societe sterling shares of Stewarts and Lloyds, to be offered via rights regarded as a clear indication Ti
LONDON
Zine 2nd half
No. 1 Oct.
Nov
Jan.
Fi
92
COTTON
NEW YORK Closing prices
nom:
all in
No. 2 Oct.
No. I Det.
No. Oct.....
Spot rubber untied
Blanket cape
No. 1 pale crepe va
LONDON
10132-1013
10251-10% 100%-100% 200
105-1064
100-101 114-116
Closing prices all in pence per
1b.:
No. 1 Ras spot
Settlernent house term:
cents
Out./Dec.
Inn./March
April/June
July/Sept.
Ogl/Dec.
per lb,
Spol: 27.15
Dec: 2251 March: 3286: May 33.14 July: m.73; Ol: 30.78; Dee: 30.57: Mar: 30.12.
NEW ORLEANS Closing prices all in cents per lb.
3244-33
303-31
2015-2014
Westinghouse Air Brake
Western Union Tel. Co. Winn-Dixie Stores Zenith Radio
UK MAY REMOVE
The Government is said to be nexible in this respect, however, and certain owners, depending on the number of ships to be transferred, may be benefiting to a greater extent,
Coll- CONCESSIONS
But much more significant has been the steady drift the Greek fag. Roughly 60 per
Bag-of-convenience
But
These concessions intended to balance the depreciation allowed under other flags on nth cons truction, no doubt explain why tonnage is Greek owned
the outstanding feature of new quietly, almost surreptitiously it additions to the Greek fla seems at times, a growing numduring the past year has been ber of these owners have been the high proportion of new ships transferring ships to the Greck 40.8 per cent under two year of age and 12.2 per cent betivera
According in the Greek Mer- two and ten years, Chat Merine (whose Égures
Of the whole fleet today. 31.5 differ Elhuy from Lloyd's!
per Decal is under five year. Register Grures) the Greek Bett
old. on July 1 this year amounted to liners have
Several sizeable passenger been added Jn 2.4 milion grees ths, an ~
recent months, including the Crease of nearly 60 per cent in
current acquisition from Britain 12 months.
of the 10,000-ton Bloemfontein Castle, but m 1050.
REGISTRATION
Moreover, these figures do not include a further
ships
ob-
on
Further inducement has now been offered to shipowners and foreign investors in that pre- totalling over 200,000 ross lous ferred mortgages may be which had applied for registra-tained under Greek Jaw
Greck ships of 500 lons and over, and foreign ship mortgages are assured of considerable guarantees, Because of the new mortgage law, the objections raised previously by banks and the
tion at that date, and more have done so siner.
Two reasons are frequently given for this trend. The Brs! is the campaign against flags of Transport Workers' Federation: United States have been largely
36 convenience by the International insurance companies in
43
ምና
bed
21
10013
DOLLAR IMPORT BAN
London, Oct. 20. An evening newspaper re-
here that Britain port would remove the remain- ing bans on imports of dollar goods was regard- ed in usually well inform: ed quarters tonight as "possibly going a little fur."
The same
29-2911 2016-1
another
2014-25/4
General markets, off basis, DOTÜM:
204-201 2014-2015
Oct.
Nov.
Estate crepe thin Oct. thick Oct AMSTERDAM
3425
Closing prices all in guilders
Spot: 31.20; Dec: 31.72; March: 32.84: May: 3331: July: 32.80 Oct:per kilogram, c.l.f. October: 30.74; Dec: 30.67; Mar: 30.DL
BAO PAULO
(Closing prices all in cruzeiro
per kilo) unavailable.
LIVERPOOL Closing prices per lb.:
all in penco
American Contract *COL/Nov: 21.73; Dec/Jan: 21.00; March/April: 21.75; May/June: 22.95! 1.58 July/Aug: 31.761 Oct:/Nev: 20.80.
Mixed Contract
Oct/Nov: 21.05; Dec/Jan: 22: 11.00 March/April: 220: May/June: 22.25; July/Aug: 21.60; Oct/Nov 20.30-
82.01
UPI.
33,17
104.00
101.00
Closing prices, all. in sterling
to ordinary shareholders hƐ 40
that synthetic rubbers are fast shillings a share, is now being
Holbert, Wage superseding the natural material Cupper arrated by
RUBBER
NEW YORK
Rex rubber futures
No. 1 rubber
No. 3 rubber
No. 2 rubber
No. 1 crepe
21.88 1010. 2.20 nor. 2,83 90875. 3.30 1.
-UPL
FOREIGA EXCHANGE
NEW YORK · Closing rates:
Canada England official
30-day
10-daya New Zealand South Africa.
Others unchanged.
LONDON
Closing rated:
New York
Bruancia
Copenhagen
Frankfurt
Du Caut-per long ton:
chouc Butyl (SOCABU),
4.
AB
Buyer Bilate
Montreal
closing Amterdam
Spo!
79414
20495
thonth
prices, all in centa per ib.
Unavailable
140
said China Lees di
Oct. Јад
month
рад
SINGAPORE
a cents per 15, 1266. Mulayan ports:
and Co. Ltd. and Morgan, Gren-in many branches of industry, fell and Co, Ltd., it was an- the press release nounced-China Mail Special,
MAI Special.
Liboh
Vienna
Closing pricer 411 in Stralia Zrich
The second the barrage of criticism by the other maritime countries. But the real reason is a more clearly commercial
спе.
When, in the early post-wi years, Greck shipowners tried in obtain shipbuilding credits from foreign (and especially United States) sources for ships to av the Greek flug, they were re- fused largely because of the unstable political situation in Greece.
Instead, therefore, the finance was obtained for ships to y under other Angs, and in this the tax-free fleets of Panama, Liberia, Costa Rica and Honduras were born.
ду
removed.
And the Greek Government's new policy is being given a big boost by shipowners like M Niarchos, who now has nearly 200,000 tons
of deadweight tankers under Greek flög in- cluding the 71,000-ton Princess Sophte, largest unit Niarchos fleet.
In the
In Fact, Niarchos is investing heavily in Greece; he is building Grecce's first modern shipyard, at a cost of 10 million dollars. which already has its first ship under construction, and is the
of principal shareholder
the company running refinery. It is reported that Mr Its first oll
S. Livanos (reputed to be the
Where finance was obtained biggest Greck shipowner of all) from American sources for ships intends to transfer 13 ships, the to be buil to fly under these majority newbuildings, to Greek flaga, It was normally a feature fing.
of the agreement that the ships
would immediately be put at the GROWING FLEET disposal of the United States in time of war.
In order to prevent the flight
It is not known how the
United States Government views
of Greek shipowers to Liberian the growing Greck fleet.
registry, the
Panamanian
ed by any future Government. quarters viewed report in the same
It is this Act that is now caus- newspaper that Britain would ing the trend that has built up remove the ban on the export
the post-war Bag-of-convenience of coplial-as "decidedly prema-
fleets to be reversed ture 4
Four-fifths of the restrictions FREE SALE on dollar goods have
already Komo.
With the Gencial Elec-
tion over, meat of the rest are ripe for removal,
COMMON SENSE
They have been an anomaly
mince sterling ever
became convertible Last December. Their removal would
extermally
bo
a simple set of common sense and good mahners.
For the sake of the oVETSERS sterling
countries,
some minor
still be left.
however,
restrictions may
It might be felt that Aur- tralian fruit producers, for 1.00 example, might need at least
2.1002
Greck Government in 1953 While, privately, the United passed a new Act which, having States will continue to retain an bem promulgated by special important financial interest in constitutional authority, cannot Greek shipping, the Government in theory be modified, or repeal-may not wish to see the ranks of convenience-flag ships reduced to negligible proportions, since it has claims on the majority of these ships in the event of war.
Similarly, offelat British com- ment on the position has been lacking; it may be remembered that British shipowners, in convenience flags, The Act provides, inter alia, denouncing for the free sale or transfer of supported a proposal to enforce ships, the unhindered transfer of a genuine link between the state royalties abroad, and guarantees and the ship, which, in the case that ships are not able to of some Greek shipowners, is Government requisition except now being implemented volunt- in the event of general inter-arily. national conflict in which Grecen
is involved (and then com- pensation la equal to that pay able in similar clrcumstances by
the United States or British British Liner
Government to ships of the res«
pective flag) Furthermore,
fixed taxation rates, on the For Pacific
day of admission, apply, and
cannot be subsequently raised.
Tilbury, Oct. 20.
But here the Greek shipowner THE 20,000-ton British Ulner Bome temporary shelter before is at a disadvantage compared Arcadia salled from here to- facing the hill blast of Ameri-
with his "old" Eng or dinge, since { day to become the biggest pas» the can competition in the British in Greece tax la payable en gross (senger liner operating in 7.30 market
earnings not even on net profits, Pacific. Devontrol of capital exports while diag of convenience would mean making sterling owners pay no, tax at allĄ convertible for residenta, as it
At present, taxation rates are
530 13/16-280 10/38
200 13/16-2.08 17/10 already is for non-residents. 24 per cent on gross earnings on
10.00-10.00
140,00-140.158
72.66-78.88 *2.50-12.00
The troradila ko that, directica and it is an open secret that the conservative. soveramont wants it to go further, but the anal end my btill bé u Food way of Reuter.
She will be away four months ito steam over: 45,000 inlles to Australia and the West Coast of America and Canada.
Voyage charter, or 4 per cent on
The Arcadia is making her time charter, or 6 per cent on
{first voyage, as part of dolat bareboat "chärter, ".
Pacific passenger” service operat- Yot even this has ilbera) com- fed to alt post-war Pacific and pensations, for ships up to two 'Orient liner UPI.
No comments yet.
Private notes are available after approval.