1
THURSDAY AUGUST 9, 1923
SHIPPING.
TRANS-PACIFIC COMPETITION.
COMMERCIAL.
HONGKONG NOTES AND COMMENT.
RICE MARKET UP.”
STEEL BARS.
THE CHINA MAIL.
TAXING THE WORLD.
RAIDS ON BRITISH AGENTS.
NOTICE TO SHIPPERS AND PASSENGERS.
(Continued from Page 71
GENOA.
Great interest is being taken in commercial circles in the Inland | Revenue Department's income-tax Agg. 11-G, L struggle over the profits made by foreign firms who sell raw or partly manufactured goods England through English agents
15-B 18.-N.D.L in Sept. 19-D.L
X-D. F. Oct. 16. N.D.L.
Slightly higher prices are being asked by the mamifacturers and a firmer tone has made its appearance in the local market. However, the local market has not improved much as little business has been done. There is one peculiar aspect to record which is that owing to the scarcity of stocks in the Colony, higher prices are demanded for the round than some smaller sizes. A few buyers and brokers. are still in the market for Shan- Two large firms in the City of tung principals but they are con- London have been recently as tent to snap up bargains when sessed in respect of profits made by forthcoming.
some foreign firms in the timber To day, one lot of 85 ton's was and wood-pulp trude. The Inland settled to arrive in the next few Revenue Department is looking months on the following basis to the London agents for the in- Round from 3/16 and up, Flat come tax upon these profits for the from 14" to 55" thickness by 4" to past three years. 3" wide, Square 4 to 2, total 85
The London agents deny tons at $6.00 picul. Another lot Bability and say if the claim is was closed on the following terms:pressed they must go out of business, thereby depriving the
The shipping trade of Japan is going to the wall, says the Yamato as translated by the Japan Chronicle. Over 60 per cent. The price of rice has gone up of the raw silk outward bound was about fifty cents a picul in the last carried by foreign vessels during few days. This is due partly to the first six months of this year, definite reports Having been To be precise, 39 vessels operated received to the effect that the crops by the Canadian Mall, the Admiral which would have soon become Line, and the Pacific Mall got ready for harvesting have been 50.1 per cent. of the whole badly damaged. Agents for up- quantity, whereas 42 owned by the country Importers were buying NY.K., the O.S.K. and the T.K.K. and consequently prices shot up. obtained only 39.1 per cent The In addition to this, arrivals from former group carried 17,929 passen Saigon of rice have been few and gers from Japan, while 9,153 went small. A rumour has been circu- by the latter. No less than 10,451lated that foreigners are buying persons came by the foreign com-In Saigon and that the market panies mentioned and 6,854 by the there has gone up. Today saw a Japanese. This unpopularity of fair number of purchases and-Round 14′′ at $6.45 per picul. the Japanese ships is attributed to clearances were good. Prices for the quality of the vessels. If this the best qualities averaged:—. drift continues, the paper says, 80 per cent of the trade will fall into the hands of foreign liners. The authorities recommend the build- ing of fine ships and the amalgama tion of the companies.
PACIFIC FREIGHTS.
An increasing importation of wheat and lumber from the Pacific Coast has brought a slight advance
No. 1 Slam long white, $7.80 per picul, gross weight for net, delivery. ex ship on arrival, with usual trade additions and discounts.
No. 1 Salgon white. $6.56 on same
terms.
FLOUR.
There has been a fair volume of
}
JAVA SUGAR.
REGULAR AGENTS LIABLE,
an
In the local market for spot Inland Revenue Department of goods, there bas been
some a large sum pald in incorac tax on demand for 36" and 1" round bars, their own profits. in which there have been some clearances for outports, but there is no anxiety to do business on a large scale. This morning, one large dealer quoted round bars as follows:-3/16, 4 and 5/16" at $7.20 per picul; to 31⁄2" at $6.20 and I at $6.40.
TINPLATES, Little has been done in the way
in freight rates. Lumber is quoted business with prices remaining of indents for futures. Local prices at $15 and wheat at $6. In conse-steady. A few sales were maded quence large vessels that had been for outports. withdrawn from ocean transporta tion for the lumber trade on the coasts are again being sent across the Pacific. Wheat freight from the North American Pacific Coast to Europe is firm, 38s, being quoted,
SHIPBUILDING INDUSTTRY
REVIVING,
On the idea that shipbuilding costs have reached bottom, the leading steamship companies have begun planning the building of new vessels, as previously reported in the Japan Chronicle. In conse- quence the industry has taken turn for the better. The report of
the Osaka Iron Works shows that during the first half-year of 1922 the firm constructed 4 boats with a tonnage of 700. In the latter half- year 15 were built with a tonnage of 2,800. For the first half of 1923 the company reported 9 boats with 8,900 tons, consisting of small freight-passenger boats, trawlers and refrigerators.
On Tuesday and yesterday, several thousand-piculs changed hands but this did not sustain the market, the general tone of which is weak. Despite continual efforts by owners of "second-hands" there is lacking a genuine feeling of confidence, This morning's quotations for sugar, one month's delivery ex godown, net weights, with usual trade additions and dis- counts were:-
No. 24 rough white (new crop) $11.80 per picul, (second-hands $11.60).
No. 24 fine white $12.80.
+
No. 18 rough brown $12.00, A real demand exists for No. 18 rough brown which is required for several Chinese industries but stocks are very small.
METALS.
WIRE NAILS,
LEVEL OF FREIGHTS.
A difference of $1 per picul kes The followinging table
of exists in the prices quoted to-day Chamber of Shipping index by importers for indents of 330 numbers shows the fall in usual assortment wire nails. To- the level of freights since 1920, day, one importer was canvassing and also illustrates the post-for orders for continental goods at September of last $10.80 per picul, C.LF, and ex go tion since year, when voyage-charter rates down Hongkong, arrival in 3 to 5 touched bottom. The remarkable months. On the other hand, other Ievel and persistent drop of time-merchants have been able to accept charter rates will be noted. Time-indents at $9.80 per picul. To charter rates are much more affect prove that they are not "bears' ed by consideration naturally of they canvassed for further orders the future than are poit-to-port at the same price. rates, and naturally reflect (perhaps even with some exaggeration) the unprofitable outlook for tramp shipping,
There is not an abundance of stock in the Colony although it is stated that fairly large lots are to arrive in the next few months. On Voyage- Time- the whole, dealers seem to be hope- charter. charter.ful of an improvement in the sitita- tion towards the end of the year.. 36.3 Those that have bought to arrive 26.6 are evidently more confident.
1920 (average)..... 100 1921 (average)... 27.6 1922 (average)... 29.7 1922:
...... 100
September
27.0
October......... 28.3
25.4 23.9
November...... 29.9
24.7
December.... 31.0
24.3
1923:
January......
29.4
24,I
February
28.9
23.9
March......
29.4
23.7
April
32.2
23.9
May
30.8
23.5
xan
Discussing the question, official of the Inland Revenue Department said:
An agent in England acting for a foreign firm in a particular transaction without being its re gular agent is not liable for, taxa. tion on the profit of that transaction. liable. If he acts as a regular agent he is
Aug.
Bopt.
Carnarvonthire. Titan. Gottingen
Ludwigshafen.
Kt. Templar. Weepr
MARSEILLES.
Khin
6-P. 20.
10-N.Y.E. 16.-B. F. 1.-3. P. 11:-B.Y.K. 12.-P. & 0. 18.-P. & O. $9.-E L
9.-N.Y.K. 1.—B. F. 4.-6. F.
0.8.K. 3.-P. & O. 10.-B. F. 11.-P. & 0. 31.-E A. Oct. 8.-P. & 0:
19.-P&O. Nov. 1-P, &0 Jan.-P. 6.0.
4.-8. &0.
Feb. 8.-P.&O. 22. P. 0. Mar. 2.-P. &0. IT-P.&O. L-P.&O. 16.-P.&O.
Apr.
VERPOOT.
Aug. 10.-N.Y.K.
10.-B. F. Bopf. 1.-B. F. -B. F.
Tokushima Maru.
Titan
Agamemnon. Ks. Templar.
GLASGOW.
Aug. 1K-B. F. Sept. 1.-B. P.
30.-B, F.
P
Tibar. AgamemBOT Kt. Templar.
AMSTERDAM,
Tokushima Maru Sept. 6.-30.J.L.
Titan. Titans.
Hakone Mara Kashmir. Bloilla. City of Glasgow.
Suwa Maru. Agamemnon. Patroclus. London Maru. Macedonia.
Et. Templar. Dougola Australien. Mantua Karmala "Caledonia.
Nellore.
Macedonia. Kashgar.
Μηκος. Karnala.
Naldera.
Kalyan.
China
GIBRALTAR
Aug. 52.-P. &0. Soph. 7-P40. Od
5-F. & 0. 19.-P.&O. -P.&O. ~P. & 0.
are steady after the recent fluchua- The probleau is a very difficult tions. European tinplates, ICW, one. For one case clearly inside 20 x 14, 112, 100 lbs are quoted the line there are 100 on the border. at $11.60 spot goods There line or outside it altogether. We Nor. are hardly any stacks of Ameri- have to prove our case up to the hilt tinplates in the Colony before we can claim the money. and nominal quotations range about Where there is a doubt the foreign 5 per cent higher than the European firm has the benefit of it. Much article.
money has been raised by the tax. It means that money made in Oct. 15.-E. A. Great Britain by a firm abroad is Nor. 18-EA taxed for the benefit of this country.
AUSTRALIAN ITEMS.
APPLE EXPORT.
cases:
The 1923 apple shipments from Australia promise to run into heavy export totals. At the end of Janu- ary, space had been booked as follows: Tasmania,
1,500,000 cases; Victoria, 532,000 Western Australia, 250,000 cases Following the announcement of a South Australia, 20,000
cases. reduction of freights on steamers of the Commonwealth Government Line, substantial additions to these totals may be anticipated. The export season will commence about the end of February, Space booked for pear shipments in cludes 10,000 cases from Victoria.
RECORD WOOL PRICE,
wool was established at the Wool A new record for fine merino
Exchange, Melbourne, on February 6, when for five bales of super coming of "C" (in circle) over TH from Coleraine district 364d., a lb. was paid. Eight bales of the same clip realised 36d, and among the other prices were 344d. 34d. and 334d.
AUSTRALIAN FINANCE.
Customs revenue in the Com- monwealth of Australia, for January, amounted to £2,878,498, which was an increase of £602,826,
STO IL COT WHARF
420-KA Sept. 1.-B. F.
30.-E A
The question of the double taxa-áng. 13—8 1. tion of the foreign firm-first in its own country and then inEngland- has been dealt with recently by an international commission, the find- ings of which have not yet been announced. -
The two particular firms in the
ment. Their case can be put before present case will have ample opportunity to contest the assess the Commissioners and they can be represented by counsel. The case can also go to the High Court and, if necessary, to the House of Lords. The possibility of the taxation causing the liquidation of an im- portant business and depriving the Inland Revenue of a large sum paid by it in income tax on its own profits is no concern of this Do- partment..
Sept.
Oct.
Kashmir. Macedonia. Maatua. Karmala Caledonia.
Nellore,
HAVRE.
Bolivia Agamemntin Java.
Afrika. Chilo.
RONDON
14.-0, 20,--B. F. 11.-N.I.E. 14.-C.P.8.. £4.-P.&O. $7.-3. 7. B-EL D.-N.F.K. 39-0.L 81.-E. A.
4.-B. F.
L-0.8, E.
80.P.8. 7.-P. & D. 10,- B. F. 11.-B. F, 17.-8. F. 11.-Q.P.8. 13-EA
-P20. $0.-~~P. & O, 4-C.P.8. 8.--P.&O. 5.-E. A 8. B. F. 19.-P. 40. 33.-P.&Q Nov. P. &0. over that of January 1922. For the
-1~P.&O. seven months of the financial year,
4-P. 40.
5.-B. F. the reveque totalled £19.337,099, an 15.—EA. increase on that of the correspond- 18-P. & 0. ing period of 1921-22 of £3,991,134.
24-P. & 0. 30.. -F. & 0. The estimate for the seven mouths
Dec. 14-P. & 0. was £17.333.333. The postal
£3,--P. & O revenue for January was £885,822, Jan. 11-R &0. an increase of £11,405 over that of 25.-P.&O. January 1922. For the seven Tab. &~P. & 0, months the receipts were £5,630, 964, a comparative increase of £245,247. Surplus on the estimate Apr, 4-P. 20. amounted to £1,798.
18-P.&O.
STONECUTTERS ISLAND -
YAUMATI BAY
GUARANTINE
ANCHORAGE
LATEST SHIPPING NEWS.
ARRIVALS.
Sangola, (B.IS.N.) from Singa pore. Kowloon Wharf,
Fooksang. U.M. & Co.) from Singapore. Kowloon Wharf.
Huichow, (B. & S.) from Tientsin, Swatow.-C39.
Warina, (B.I.S.N.) from Bangkok. -B15.
Hopsang, U. M. & Co.) from
Bangkok, Swatow.-C37.
Wingsang, (J. M. & Co.) from Manila.-C32.
DEPARTURES,
Cheongshing, ' M. & Co.) for
Tientsin August 9.
Szechuen, (B. & S) for "Amoy.- August 9.
Prosper, (Fok Tai Cheong) for Saigon. August 9,
Taikwa Maru, (Y, K. K.) for Swatow.-August 9.
Tenyo Maru, (T. K. K); for
Manila. August 9,
Emp. of Russia, (C. P. S. Ltd.) for
Shanghai-August 9.
Yan On, (Yan Woo) for Hothow.
August 9.
Grace Dollar, (Dollar) for Zam-
· bonaga -August 9.
Aizawa Maru, (Suzuki & Co.) for
Keelung August 9...
New Mathilde. (Yik Tái) for Haiphong-August 9.
Chun Sang, J. M. & Co.) for HoihowAugust 9.....
Bengloe, (Gibb Liv.) for Shang
haiAugust g
Tascalusa, (St Oil) for San
Francisco August 9
Campinas, (Lapicque)
Hongay-August 9, 20
for
DANGEROUS Gdoos
ANCHORAGE
ELS SS SS SUNK AHORAGE
„SULPHOR CHARMEL
(SOUTHERN PAYRWAY
JARDINGS
QFTH
KWONG MP LUNG
SLO AND WORKS
COSMOPOLITAN
COCK
YAUMATI
SHELIER
Rharesor. Carnarvonshire. Laomedon. Hakone Maga. Empress of A'lin Blailia Dardanus.
Olty of Glasgow. Buwa Maru.
Gulabog.
Bolivia
Patrocius.
London Meru. Empress of Asia. Macedonis.
Pyrrhus.
Lycaon. Mentor. Emprees of Canada. Java
Dongol
Bouden.
Empress of Russia.
Mantas
Afrike. Адреног. Hariala. Sicilia. Kalyan Oledonis. Nellore. Tedregins. Ohlle. Maiva Bondaa.
M
Aug. 31.—E. A.
Oct. 5.--EA. :
B.-J.O.J.L.
Nov. 15.-E, A.
Bolivia Faparoon. Java. Afrik
Kertosono. obile.
ROTTERDAM,
Asg. 12.-B. F. 14.-G. L. 15.-H. A.L. 15.-N D.L. 18.-R, B,
90.-B. F.
17-D F.
- 29,———Ɑ). E.
31.-E. A.
Bept. 6.-J.C.J.
10.-B. F. 11-B, P. 17.B. F.
19. – N.D.L. 2.-R. B. 28E
Oct. 5.-E.A
Q.-J.C.J.L. 16-N.D.L.
Nos. 15. A.
..
Rhexenor. Carnarvonshiro.. Maensterland. Gottingeo. -Echeor
Leomodos. Dardiants Glanbeg
Bolivia.
Superoc
Pyrrhus.
Mentor.. Lycaon. Ludwigshafen.
Albert Vogler. JAYE Afrika. Kertosono. Wcbor.
Chilo.
..
ANTWERP,
Aug. 184 --N.D.L.
18.-R. B. 21.-N.Y.K. -P.&O. 26-P. & 0, 19.-N.Y.K.
Sept. 4-0. 8. K.
7.-P. &0
17.-R. B. 19.-N.D.L 20,-. B. $1.-P. & 0. Oct 5.-P.&O.
1.-N.D.L 19.-P, &O. Nov 1.-P& 0. 4.-P. & 0.
Gottingen, Bebsor Hakova Maru. Kashmir. Biclita
Panem Me London Maru. Macedonia. Mertor. Ludwigshafen. Albert Vogler. Dougola. Mantua. Weser Karmala, Caledonia. Nellore,
HAMBURG
| Aug, 19 —B. F.
14-0. L 15.-H.A.L 16.-N.DL.
18.-R. B. 10.-B. F. 29,-G. L
31.-E. A.
Sept. 4.-0. 8. K.
6.-30.J.T. 10.-B. F. 17.-B. F. 18.-N.D.L. 20.-R. B. 29.-ELA. Oct. 4.-E. A.
a-J.C.S.L 15.-N.D.L.
Nov. 15.-E. A.
flexenor. Carnarvonshire. Maensterland. Gottingen Scheer Laomedon.
Glenbeg. Bolivia. Loadou Maru.
Sapsrock. Pyrrhus. Будот. Ladwigshafen Albert Vogler-
JATS. Afelio Kertosono. Weser.
Obila
BREMEN.
Kertoso20.
|Dot. £.—J,0.J. L.
Uhlos Devanba.
Kuinor-I-Elind. Khiva Macedonia. Kastigar.
Ang. 81,—E. A. Bept. 29.-E. A. Oct. 5.-E. A. Nov. 15.-E. A.
COPENHAGEN,
Bolivia. Jars Afrika. Chile.
19.-P. 40.
E. & D.
Moren
Karmala
IL-P. & 0.
Naldera.
Kalyan..
Chios.
MAM
WAR
KAULUND
HOLTI WHARE
Kemp Is Handy.
in
F'dan
Immediate relief is necessary attacks of diarrhoea Chamberlain's. Colio and Dairrhoea Remedy should always be on-hand.. For sale by all
Chemists and Storekeepers.
GEMENT
WORIO
HUNGHON
HAABOUT
GKONG HARBOUR SHOWING MOORING BUOYS.
080
CUST.ROCK
BUDY
KAULUNG
DOCKS
ANCHORAGE
HELLET, 15.*
CAUSEWAY SHELTER
A. P. COT
WHARF
LATER DANCING,
NEW ACT NEEDED.
London is to be brighter. Lon- may evon dance after midnight on five nights of the week-next year.
The Theatres and Music Halls Committee of the London Council is shortly to submit to the Council a report recommending that the next General Powers Bill should include powers to enable the Council to grant late night.exten. sions of dancing licences at its discretion,
The present London. County Council regulations are based on a law for the regulation of "dis- orderly houses," enacted in 1751. Dancing until 2 am, is permitted in some public establishments on three nights of the week, but beyond this the Council at present
cannot go.
Sir Percy Simmons, chairman of the committee, said to a Daily Mail reporter:
It is no part of the Council's duty, in the committe's opinion, to decide what time people should go to bed The Council's powers are limited by statute, and as many 2 am, extensions to dancing licences have been granted possible.
to
As
The committee would willingly grant more if it had the power
do 31.
The licensing of public places is at present in a state of absolute chaos, and the question should be taken in hand by the Government.
If the recommendations of the committee are accepted by the Council, the amended law would probably not be passed till next year.
Correspondents of The Daily Mail protest against the hampering of harmless pleasure by restrictions surviving from another age.
Miss Jesssic F. Marsh, of 70 Crescent-road, Wood Green, N.,
says.
It seems to me that it would be much better for all concerned if the London County Council were to allow late dancing in places like the London hotels, where everything is so obviously above board rather than drive people after midnight into London's night clubs.
WIFE-BURNING.
CHEERY DAYS UNDER PHARAOH
Sir William "Flinders Petric's cheery little book "Social Life in Ancient Egypt" (Constable, 65.) is the prelude to larger and more serious work, "Descriptiva Sociology of Egypt," which is short- ly to be published under Herbert Spencer's will. It gives an attrac- tive picture of life as it was lived under the Pharaohs.
The people enjoyed good things would have scandalised Pussyfoot" Johnsous.
and
A servant begs the guest to drink to drunkenness, make holi- day." and a lady says (naughtily): Give me eighteen cups of wine; behold, I should love drunken- nces" It seems to have been no more reprehensible than going to a prize-fight now.
The ordering of the table was a little primitive:
Food was held in the right hand, a knife was used if wanted, but forks were unknown, as they were ia England. before A. D. 1300. Spoons are very rarely found before Greek times. There were small ones of ivory in the pre historic age, perhaps used for egga, The position of woman was a high one, though when the ties of matrimony were not observed the Egyptians were apt to burn the erring wife:.
As late as 1,400, B. C. there was
still surviving the idea that a man was only a boarder in a woman's hoiae. "Be not rude to a woman
in her house if thou knowest her thoroughly, Do not say, "What is that? Bring it to me.".
THE HAREMS.
The royal descent was by the female line, but that did not prevent the Pharaohs from keeping harema: Life in the harem is figured at Amarna: the girls are dancing, playing instruments, hale-dressing and feeding, and the rooms have musical instruments, mirrors, boxes and chairs.
Sir William Flinders Petrie Is quite certala. that the pyramids were not built; as we have some times been told, "with tears and blood":
i
Much nonsense hes been written about the oppression of the people. With the splendid organisation evident in the work, the people' must have been well managed and there was so hardahip In carrying out the work. ↑ Bach man was levied twice in his lifetime. He could be just as well off there as at home, for he could do nothing dur ing the inundation. The immense gain to the people was the wikacı Bon in combined work and techni |cal training, MA
This is a most agreeably ten and informative book by a famous. expert.