WEDNESDAY, JUNE
1520
INTIMATIONS.
Buches & Hough
·AUTIONEERS TO THE GOVERNIZS!
General Emotioneers ¦ Share. Coat and General
Produce Brokers and Commission Agents.
PROPRIETOR'S "To-Kwa-Wan" Coal Storage,
Bentley's
<
~ do B to 4th & 5th Editions
AI Talegraphie Code.
Telegraphic Address "TRION HONGKONG-
IMPORTS AND EXPORTS OFFICE. GENERAL HOLIDAY. THUS Office will be open for all par poses from 9 LM. to 12 Noor on THURSDAY, the 1st July, 1920.
:
Licensed Warehouses will entirely CLOSED on that day.
C. W. BECKWITH,
Superintendent, Imports and Exports.
Hongkong, Jane 98, 1990.
BANK HOLIDAY,
THE CHINA MAIL:
WANT ADVERTISEMENTS
98 WORDS & INSERTIONS, SI PREPAID. Each additional word i Centa for 3 Insertions.
WANTED.
ENGLISH OF EUROPEAN BOY EN be WANTED (age 15-18) to Train as Confidential Secretary. Apply Box No. 1212 got Gia Hanh
UNDER Ordinance No. 5 of 1912, THURSDAY, 1st JULY has been proclaimed GENERAL HOLIDAY -PUBLIC AUCTIONS And the EXCHANGE BANKS will be
CLOSED for business on that day.
Boagkong June 22, 1930.
THE Underigued have received in- structions to sell by Fablie Ane-
$00,
(FOR LOCDENT OF THE CONCERTID),
00.
SATURDAY, July 3, 1990, at 10.30 am... at their Salme Rooms, No, & DE VITRO, Corner of Too House Rtreet.
Ton eases Worcestershire Sance,
(Arrived per Shinryu Mara)
To be sold in lots to suit Buyers,
Terms -Cash.
FLUGTES & HOUGH,
Anctioncer.
Hongkong, June 2, 1990.
(For Account of the Concerned.)
on
SATURDAY,
July 3, 1920, at Nons,
* their Sales Boome, No. 8.
es Teraz Road, Ormaen ci
Ice Horse Striet,
FOUR TERRIER POP3.
About six weeks old.
Tenka: ---Cash.
HUGHES & HOUGH,
Auctioneers,
Hongkong, June 20, 1920.
SAVARESSES SANTAL CAPSULES
PHYSICIANS RECOMMEND THEM, Of a Chen/BER Dade in London
A COMPLETE AERATED WATER
FLANT FOR SALE.
The Machines are made by Messrs. Bratby & Hinchliff, Lid, Manches- ter, and guarantee in perfect working order. This complete plant will turn out 2,400 dozen Aerated water per day.
KWONG SANG HONG LTD., 'P. O. Box 370
Hongkong
TAIYO & CO.
JJAPANESE BOOTS AND SHOES HAD TO ORDER.
Ja, Wyndham UE.
WE
NOTICE.
E bare THIS DAY removed our.
Offices to No. 2, Queen's Road Central, (2nd Floor, above the Baxx or East Asu, Lr)-De Souza & Co.
Elongkong, June 28, 1990.
NOTICE.
WE
E have THIS DAY appointed
MR. FRAMTS BEVINGTON,
MR. KENNETH STECLAIR MORRISON, MR. SYDNEY BARKER, Directors of our Company in Hong- kong and China
BRADLEY & COMPANY LTD. Eongkong, June 28, 1920.
ACADEMY, SCOT
DOLAVA CHARLES S DOUG ALL MA (formerly Eglinton Fellow, Haad-mastar, Glasgow University,) which re-opens on 2nd September next. provides at a moderate cost a complete HIGH SCHOOL EDUCATION in all Departments from 10 years of scerp wards. Ulustrated Fro pectuses may be i had on application to the BADMAS TER or to THUS. J. YOUNG, F. LS, Secretary.
리
NATIONAL LOAN OF THE THIRD YEAR OF THE REPUBLIC (1914).
QUBSCRIBERS to the above Loan are hereby notified that Redemption
of the bonds drawn at Peking on the 9th June, 1920, will begin on the 30th Jaze, 1920.
Payment in cash on its equivalent will be made at the Bank of Chins and Bank of Communications or any of the branches of the above banks and also at the Shanghai Office of the Hongkong and Shanghai Banking Corporation.
Bonds baring as their two terminal number any of the following groupe, viz. 09, 17, 29, 37, 50, 52, 59, 68, 76, 90, 95, are drawn bonds.
CECIL A. V. BOWRA, Officiating Inspector General of
Custome at interior:
Inspectorate General of Customs,
Peking, 18th Jane, 1920.
THE DRAGON MOTOR CAR CO.
WE TELEPHONE and clients can
E bare installed an additional
now ring up No. 182 or $552.
BATHING COSTUME
JOE
LADIES &
High
Quality
Goods
GENTS
At
Moderate
Prices.
THE WING ON CO., LTD.
HONGKONG, EMPORIUM,
Phones 196 188.
Phones 188 & 198,
FURNITURE.
CONTRACTS SOLICITED FOR HOUSES, OFFICES,
HOTELS & CHIPS.
BRASS AND IRON BEDSTEDS, UPHOLSTERY, ELECTRA PLATED WARE GLASSWARE CROCKENT. HIGH LASS TEAKWOOD & BLACK WOOD FURNITURE.
CHFONG LEE & CO.
-Brad Geriëz, 68, Quzzira Hoán CELERARU
XANTED-EUROPEANỪA SISTS-
WA
A TAX ON TURNOVER.
ALTERNATIVE TO THE EXCESS
PROFITS DUTY,
"In
recent issue the Financier and "Bullionist,, in the course of a lengthy - article; suggests a tax on turnover " as dë altertiative to the Fércéss profits duty. The journal, says the chicl advantages of a tax on turn OST-At the Pet, a small Black & over at all stages of production end
LOST.
LOS JAPANESE POODLE Answers to the name of TODDLES," Finder will be Rawarded. Apply to No. 4, Mountain View, The Peak,
TO LET.
ro LET.--A SHOP in Mathan Boed, TANT MANAGER for Export"} Ecwlock Department with old established Apply to Humphreya Estate & Finance British firm. Experience in South Co, Ltd Alwandra Buildinga China Exports essential. Onë with
knowledge of French given preference. Good salary to right man. Give refer ences and wages required Bar No. 1911. c/o "Caixa Mazz.”
Estribution may be summarised S follows
In the first place, a tax on turnover would not discourage enterprise, since it would leave capitalists free to make as much profit as they could, and would: impose a burden which would ultimately fall not on the producer bet
on the consumer.
In the second place, a tax on turn- over would give the State a direct in- terest in the development of all kinds
TO LET.-Part of ground for of of commercial enterprise, as the larger,
George'. Building with TWO LARGE SHOW WINDOWS facing the trading turnover the bigger the AT SHEWAN TOMs amount that would sécree to the Ex-
chequer.
Tes House Striet & Co.
M
NOTICE OF REMOVAL
THE AULT & WIBORG CO.
19th,
On and after SATURDAY June
we will be located in our New Office at No. 81, Des Voeux Road Central, where we will expect a visit of inspec tion from our good friends.
81, Des Voeux Road Central, 37, Canton Road,
Hongkong.
Shanghai.
THE "GLIDDEN" PAINTS
READY FOR USE."
A PAINT FR EVERY PURPOSE.
A PAINT THAT ALWAYS "GIVES SATISFACTION.
We carry stocks of all colours-- Karine Faints, House Paints, Varalahas and Etains, Roofing Paint and Ixterior Falats
and what is important to you in this damp clima, TUR, A WATERPROOF" PAINT.
HOGG, KARANJIA & CO., LTD., No. La Chater Road, Hongkong.
ESTABLISHED
1814 100 YEARS.
JOHN
1914
HADDON
AND CO.
Export and Import Agents
For ONE HUNDRED YEARS in the CITY OF LONDON we have acted as Buying and Selling Agents for Traders,Storekeepers, Growers of Colonial Prodnice. Are you requiring the services of London Agents to promote your interests? We shall be pleased to enter into correspond ence with a view to arranging terms to mutual advantage.
BANK CREDITS ARRANGED. CASE ADVANCED AGAINST SHIPMENTS,
JOHN
HADDON
AND CO.
Colonial Merchants:
Produce Agents,
SALISBURY SQUARE, LONDON, EC.
In the third place, a mover tax is free from the fatal delect of a pro-) its or excess-profits max, which, byl limiting the rewards of capital, would cause capitalists to employ their re- sources in investments free from risk rather than in industrial projects cal- culated to stimulate increased produc tion
In the fourth place, s tax on turn- over at a comparatively moderate rate Would yield a very large revenue, probably quite as large as, and pos- sibly greater than, that expected to¦ | accrue from the excess-profits and pro- fits axes combined, while proving much less injurious in is incidence | and operation.
In the fifth place, tax on turnover would obviste a levy on war wealth, with its many injustices and all its un- sealing and paralysing consequënzes.
Furthermore, a, tax on turnover would be an effective counterblæst rú the agitation in favour of the nation- alisation of industry, since it would at ance make the State a partner in busi- ness enterprise, on the magnitude of which the revenue accruing to the Exchequer from industrial and com- mercial operations would depend. Aj profits: tax, on the other hand, would be a bad precedent, as in the event of
Tel: 1036,
NOTICES
Tel-1038-
GARAGE ACCOMMODATION
FOR PRIVATE CAR OWNERS.
THIS IS OUR NEW SPECIALITY.
CARS GARAGED in TOWN $30 per month.
CARS GARAGED at PRAYA EAST or
HANGHAI $20 per month.
THESE PRICES INCLUDE CLEANING AND
ORDINARY GARAGE · DUTIES.
EXILE GARAGE
Tel 1036.
33 & 35, Des Voeux Road Central,
HONGKONG
Tel 1036.
BUY YOUR STATIONERY FROM US. We Keep the Finest. Stocks Complete.
PRICES MODERATE.
DER A WING & CO.
Paper Merchants Stationers, "Priutera & Bookbinders.
60, Des Vaux-Road, CENTRAL.
PHOTO SUPPLUS,
a Labour of Socialistic Ministry being | LONG HING & CO., Endars and Endas Filma, M.
installed in office it would be a simple master so to raise the rate of taxation that business enterprise would be stifled, because it, had ceased to be profitable, with the result that com- mercial activity would give place to stagnation.
It would be erroneous to assume that the proposed impost would tend, to increase prices. That objection can be urged against the excess-profits duty, which, by restricting enterprise, restricts production, and thereby tends to increase the cost of available.com- modities. A turnover tax, on the other hand, by leaving capitalists free to secure reasonable profits would stimulare production, and by increas- ing supplies of manufactured goods have the effect of checking a further rise in prices, if not actually bringing about a reduction. For that reason alone a turnover tax would undoubt edly prove immeasurably less obnoxi- oas to the interests of the community than Mr. Chamberlain's alternative proposals.
STRATEGIC ISLAND.
JAPANESE ATTEMPT TO PURCHASE.
Several vercacular newspapers-in South China in the last few weeks have |reported regarding a recent attempt of the Japanese government to obtain control of Turnabout Island," a small istand situated in the Straits-of For mosa between the island of Formoss and the Chinese mainland of Fukien Province. The island is of no import. ance commercially, bút is of immense strategic value through the ability of a naval base there being able to com- mand the Formosan Straits. Under the guise of obtaining the island for the development of pearl fisheries the Japanese government is said to have; offered $2,000,000 to the Chinese military officials of Fukien Province.
The island was ceded to Japan along with. Formosa at the close of the Sino- Japanese war, but owing to protests - from both Great Britain and France, it was returned to China. Shipping be tween the ports of North China and the British Colony of Hongkong must pass through the Formosan Straits, Business mes of Fukien Province are said to have. Bled protests: against the acquisition of the island with the Chi- nese government at Peking. A simi lar attempt of the Japanese, to obtain {a naval "base at Amoy, also: in the Province of Fakien,, was, frustrated about two years ago,Mid's Re: view
SOME PEOPLE RUSH: ABOUT
and tire themalves unnecessarily, think ing to cure their constipation by spas- modic fits of over-exertion. Others more sensible, take reasonable arenuise daily and use the little gentle as-nature Inxs- Lives Finkettes. cadenally, thes ensuring b-althy rogol wity fly dispel Blog constipation Pintettes cura Blon neo, Bok Fleada h-a, Láverisinee, foul- breath Of drug, ints, or post free: 80. crita herindu-frying Dr. William's Midicina Co., 96 Frechnen Brad, Shang-“
DEVELOPING & PRINTING A SPECIALITY.
No. 17A, QUEST'S ROAD CENTRAL, HONGKONG.
SWATOW DRAWN THREAD WORK,
CANTON EMBROIDERY.
WHOLESALE
يت
AND RETAIL,
S. K. TSAN & CO.,
F. O. Box 564.
34, Qtzes's BoAD CENTRAL
CABLE, ADDRESS TSANG.
THE HOTEL ASIA
WEST BUND, CANTON.
The highest building in Canton affording & panoramic bird's eye view of the whole city and suburbs. -
Largs and airy rooms, Elevators, Electric Lights and Fans installed.
Hot and cold water service fitted, Excellent Cuisine, Bar and Bilised room, Roof Garden Cinematograph Theatre and every moder convenients provided.
Special monthly and family rates can arranged on application to
THE "SUN 00., LTD,
Proprietors.
These Oigarettes are made of selected Mid leaf tobacco and quite harmless to those who are accustomed to Inhale
NANYANG BROTHERS TOBACCO CO.
165, Des Voeux Road,
The Globe
CISA