}
Moutries advertise reductions
in price of
Victor Records.
No. 18.555.
The China Mail
ESTABLISHE
1845
May 2, 1922, Temperature 75.
Burometer 2981
Rainfal0.04 inch.
Humidity 97...
號二笞五年二十二百九千一英
HONGKONG, TUESDAY MAY 2
1922.
日六初月四戌壬大貴年一十國民華中
BUSINESS ATIONS
ANNOUNCEMENT
vi
REDUCTION IN PRICE
VICTOR
RECONDS
Old Price
NEW PRICE:
$2.00.
12 Dale Sided
Old Price.
NEW PRICE:
$3.50 each $3 25
LTD.
10. Discount for Cash
S. MOUTRIE & CO.,
Exclusive #gents,
CHATER ROAD.
YEE SANG FAT CO.
JUST ARRIVED
Ide
COLLARS
"KEMPTON”
THE NEWEST OF THE NEW.
YEE SANG FAT CO.
ECO-M V IN
COAL
Kildare Ce base a large percentage of dust which are FERTICALLY WASTE The deer to lá cages Lawa baran istu latera
• they are cunt into bedders Feraten jump cosy and therefore a devided ECOXUXY,
HING ID យ៉ CO.
Coat Merchants & Contractors, #5. Quem'- Tuse! Cesta Tel. 2. Cable shinew ‘Einlasse“
54, Queen's Road,
•Central.
Me Agra for Bebren Geck
Be stuck in wit golos as { grade of river Forbes Cual.
WING HING
FIRST CLASS TAILOR Experienced Catter, Porfect Pit Guaranteed Ordar crecated shortest Notice PRICE LOWEST.
Telephone 1417.
MEE WAH KNITTING & DYEING CO.
General Knitter & Dyer.
Manufacturers of Woollen Eaglets, Jerseys, Sweaters
all kinds of Underwear,
Manager :--YEUNG POKWAN,
No. 6-18, Causeway Bay.
THE
Telephoze 1301.
YUEN WO
Harbour Repairers.
STORE,
Engineering & Building Contractory, General Repairers & Shipchandlers. Office No. Tung Man Street, 'Phone 2560, Workshop, Canton Fosd, Kowloon, Phone K. 731.
Manager K. C. LEUNG.
Prop. T. L LEUNG.
DONNELLY & WHYTE.
WINE MERCHANTS.
Tal 638,
CLOCKS
(see special show window)
AT
Tal 836,
J. ULLMANN & CO. HONGKONG.
TO-DAY'S CABLES.
(lister's Service to the China Maíla
BRITAIN'S FINANCE,
THE DOLLAR.
To-day's closing rate 2/6 9/16.
To-day's opening rate 269,16.
GENOL PEACE EFFORTS.
LATEST DISCUSSIONS.
BUDGET STATEVE·T.
INCOME TAX REDUCED.
ENORMOUS DEBT REDUCTION.
LONDON, May 1. For the budget statement the House of Commons was the most crowded it has been in recent years. There WAS tense expectation. The public, galleries were thronged with representatives of trade and commerce anxious to learn their fate, including Sir Eric Geddes and Lord Inchcape.
ADREEMENT WITH RUSSIA.
GENOA, May 1.
Chicberia's letter to M. Barthen declared that the Russo-German treaty was only the art of a series
agreements necessary for world peace.
1. Barthou remarked that there was no relentment by France against the Russian people but against the Rarian Government owing to the Brest-Litovsk treaty. Mr. Lyd George said that M.Chicherin's letter wAS
gratifying.
The sub-commitee thereafter spproved the amended draft of clause two.
The conditions of the agreement with Russia dealing Sir Robert Horns, the Chancellor of the Exchequer, with inter-government debts was next considered and a said that the past financial year had been a period of j pew draft of cause fire dealing with private property unexampled trial owing to the coal dispute, and the trade and debts to which M. Jasper objected x3 prejudicial to
lamp. The way it had been met was eloquendly Belgian interests. testified by the soundness of the country's financial position.
YEAR'S REVENUE.
Mr. Lloyd George pointed out that British interests
in Basis were five times greater than Belgium's and Fikappealed to M. Jasper not to persist in his opposition.
The revue for the year had been £1,124,000,000, only £90,000,000 below the estimate, and there was 3 surplus of £15,000,000 for the redemption of debt.
Imore tax hni yielded £358 +
Some 28,000,000 had been applied daring the rear to debi reduction, and in the budget the charge for latest and management had been reduced by 21703990, apart from prevision with regard to the America jõebt.
DEBTS REDUCED.
Sizer March 31,1919 the extemal debt bid teen reduced by £274001000. The £ating debt hid also been largely reduced. He hoped the position would be faktured during 1912-6.
He estimated the expenditure for the current cancial year at £910,000,000," but be-hoped farther reductions would be possible. This included £215,000,000 for national debt services, including 225.000.000, for interest on the American debt.
He estimated the revenue at £956,003,000.. Tans there was a surplus of 210,000/00 without profiling for redemption of debt. The estimate did zot icinde sy German reparations.
POSTAL CHANGES.
Sir Robert Horne announced small changes in the income tax law, costing £1,700000, and then, amid cheers and laughter, switched off to pustal changes, namely redaction is telephone charges, postcards 1d, letters lid, and printed papers d. There would cost 16,500,000 and leave a surplus of £35,000,000.
Sir Robert Horne said that there were signs of revivalį is trade, but the burden of taxation checked enterprise. Ise Goverment did not ask the taxpayer this year zedeem any debt after the superhuman sorts of the last two years, and the Government was content to raise sufficient revenue to meet expenditure.
INCOME TAX RELIEF.
The income tax would be reduced by one shilling in the pound, measing a loss of £32,500,000 in the revenue for the present financial year. -"
A redaction of 44. in the pound on tes, would be made involving reduction by one third of the duties on coffee, chicory and cocoa, costing £5,030,000 daring the present year. All the other duties would remain Co. changed.
EXCHANGE IMPROVED.
Sir Pobert Horne emphasised that the first fruit of paying off the external debt had been improvement în' the exchange value of sterling. This meant that our debt to the United States had become £355,000,000 less, Furthermore purchasers and consumers of United States goods had sabeequently benefited. The floating debt had been reduced by £246,000,000 in 1921-2. As the result of a vigorous policy of reducing debt we had paid off £322,000,000 in cash during the past two years.
TEA DUTY REDUCED..
LATER.
The House of Commons unanimously passed the resolution reducing the tea duty.
LONDON, May 1.
Making the announcement in the House of Com
mons as regards the reduction in the duty on tes, Sir.
Robert Horne, Chancellor of the Exchequer explained
The draft was ultimately referred to a committee of jurists on which Belgium was represented.
CATHOLICS SUPPORT?
LONDON, MAY 1.
Si pifcarce is attached at Genos to the fact that Lord George is diaing with Signor Starz, the
M
Feslian Catholic leader.
This in conjunction with the Pope's letter is regarded as indicating an effort to unite the Catholics of Europe. in support of Mr. Lloyd George's Russian policy.
P3INCH IN JAPAN,
WONDERFUL" SIGHTSEEING
FAMOUS TEMPLES VISTIED.
TOKYO, Monday. The Prince of Wales has had another wonderful day sightseeing the beauties of Japan in glorious weather. *
He spent the morning viewing some of the famous temples around Kyoto. In the afternoon he motored to Kameoka, thence went by boat down the Hozugswa River, shooting frequent boiling rapids, for eight milea to Saga through a deep gorge, often in the green twight of exquisite dense spring verdare.
In the evening he dined with the Mayor of Kyoto, afterwards witnessing a beautifully picturesque cherry dance by some of the daintiest singers in Japan.- (From Sir Herbert Rassell, Reater's special cor-
pozdent.)
FAR EASTEAN REPUBLIC.
**JAPANESE OFFENSIVE.”
Loyday, May 1
In the House of Commons Mr. Ammon drew atten. tion to what he described as a Japanese offensive against the Far Eastern Republic. He declared this vid not conform with the Japanese promise to the Washington conference to withdraw her troopsand asked what protest the Government intended. Mr. Parker replied that the Goverment did not propose to take any action.
LORD LEOPOLD MOUNTÉATTEN.
IMPRESSIVE FUNERAL SERVICE.
LONDON, May 1.
The funeral of Lord Liopald Mountbatten at St. George's Chapel, Windsor, was attended by the King and Caten, the Queen of Spain; Princess Beatrice ani other royalties with diplomats, naval and military officers, and reprefentatives of government departments. The memorial service in the Chapel Royal at St. James' Palace was attended by many distinguished personages
HOME BIXING,
CRUISER-WEIGHT CHAMPION.
LONDON, May 2.
At the National Sporting Club for the cruiser-weight
smpionship of Britain, Jack' Bloomfield beat Harry
that the new 8d. duty was only fully payable by foreiga Dake. The sponge was thrown in at the conclusion
tea împorters in consequence of preference for tea from of the nintà roună.
India, Ceylon and Hongkong" Seeing that 90 per cent.
of the tes comes from within the Emp're the duty on it would be only 6d. Two thirds of the com“ petition-in the tes trade was such that the smallest consumer would derive benefit from the raison of
| LEGATION - SUICIDES.
PARIS, May 1.
The attachés of the Polish and Chilran Jegutions:
May 2 1921, Temperature 75:
K. FUJIYAMA.
Photographer.
No. 10 Queen's Rond Central. Hongkong.
Temporary Ofice,
Matuabars Hotel,
Tel: 405
PRICE, $3.00 Per Mot A..
BUSINESS NOTIONS
MACKINTOSHS.
Burberry" Weatherproofs
all sizes from 375.00 each.
"Light weight Waterproofs best quality silk finish $45.00 each. Mattamac"
Waterproofs
a few slightly soiled in small sizes
to clear $18.50 each.
UMBRELLAS-GOLOSHES
MACKINTOSH
& CO., LTD.
Men's Wear Specialists.
Alexandra Buildim, Des Voeux Rat
HOUBIGANT'S PERFUMES
Cinet mai are comisavent of restançes fwbigent, the celebratel Panoz Perfumers, /Creators of the Workle mest exponite perfumes)
IDEAL-QUELQUES FLETE-QUELQUES VIOLET-LA FRANCE FNE-COEUR DE JEANNETTE NO
w Also a fine wlection of LOTIONS-TOFLET WATERS—EAU DE MERKE—BRILLIANTINE FACE POWDERS 224 TOILET >OAPS.
THE
PHARMACY
(FLETCHER & CO, LTD-
122 Queen's Road Central
FIRE-RESISTING and THIEF-RESISTING
SAFES
Recommended
for
Protecting
Books
and
Documents
from
FIRE
Specially Constructed
for
Protecting
Gazh
and Jewels
from
THIEF
·FOR SALE AT
THE SINCERE CO. LTD.
We are manufacturers of Felt Hat, Straw Hats, Linen Hats, Topses, etc.
Hanufactured in
HONGKONG by the
NAM YUET HAT FACTORY,
19-30, Siwan Eos
H. P. BULMER & CO., LTD POMAGNE CIDER
Per case Quarts
Pints
$12,50 daty paid $15 50
CALDBECK, MACGREGOR & CO., LTD.,
14, Queen's Road Central,
Tel. 75.
VACATION TRIP.
HONGKONG SHAMSHUI-WUCHOW.
· In the splendid and. luxurionely sppointed 500 tona- Kotze Ship “KONG NING" between Hrackerg, Bhanahui, Shín Hing through the LOVELIEST SCENERY ON THE WEST RIVER, TO WUCHOW. SPLENDID la sad 2nd das passenger accommodations; largo and airy, berth, ostina -on upper deck; no port holes but large airy windows fitted throughout with electric light and Fans, etc,
M. B. “KONG NÍNG”
Blesmer KIBE NIKE
Leave Hongkong.
Round trips_tocopying 6 days, including meala and 24 hours winy :
board at Wnshow $45.00,
For further particniaza apply to—
BANKER ♣00%