HONG KONG AND SHANGHAI BANKING CORPORATION,
Jaskarand Capital arena. 180,190,31,8 hemed sud Fully Palď up munasta $20,000,000 Busove Funds 1-
■D, 1500,00
Serre Blability of Proprietors. $30,000, BOO
HEAD OFFICE: HONG KONG
www.
BOARD OF DIRECTORS;--
3. A. Plummer, Esq.
Chairman.
1. 1. C, (.H. Muckis.
Deputy Chairman,
tion. Mr. J. Paterson.
T. E. Pearon, Boy,
T. I, 14. Nhaw, KK,
W. H. Bell, Es.
A. H..Compton, Esq.
B. Lander Lawte. Kaq.
4. Miskin, Konj-
Acting Chiol Manager. V. M. Grayburn, Kep
SHOT
BANGKOK
BATAVIA
3. P. Warren, Esq.
BRANCHES:---
LONDON
LYONA
MALADOA
SUMBAT
KANILA
CALCUTTA
MUAR (Jokutæ)
GALITON WNBYDO COLOMBO ALDEN YOUNZIOM SAIPHONG XAMBURG
BANKOW MAKIN
MONDIES
HILO
LGB
2002
4023
AUWLOON AVALA LUMPU
MURDES
NAGASAKI
NEW YORK
•PEITING
PENANG FANGOON
MALOON
HAN BANUTHOU
+ SHANGHA
SINGAPORE
BOURADATA
KUNGKI PATANI
CINYTHIN
TUX6
TRINGTAD YOKOHAMA
Culla opened in Local Currency
Pized Dupoilla vesired for coor ser periods in 1.00! Currency and Blasting urma which will be quoted as spplication. Hong Kong, 1 April, 1984,
HONG KONG SAVINGS BANK.
I Busca' ali shu sbora Bank in oond was
by the iLaNG Kừnɑ AND SHANGHAL BANKING CORPORATION. Aula rosy b
on appotton.
FOR THE RONG BONG & SIANORAI BANKING COMPORATION,
CV, M, GRAV HURN,
Any Chief Manager.
Mang Kong, 1224 March, 1981.
NEDERLANDSCHE HANDEL.
MAATSCHAPPIJ, N.V.,
(A)ERLANDS TRADING SOCIETI)
DANKERS,
Beindlichef 1894.
ska Tona Moer-24. Quest's Bold Ceaiul Authored Cap Guilder 100,000,000- £1,500,000.] Pag-ly Kaplial Quilla 8,000,000-
Buaite Fond ................ Oslider 40,000,000.
{21,193,151)
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON,
Paid-up Capital
.£8,000,000
Reserve Fuad
.£4,000,000
Reserve Liability of Proprie-
tors
.£3,000,000
KUALA LUMPUR
KUCHONG
MADRAS
Agencies and Branches:
ALUR STAR
(Malay Sales'
AMRITSAR
BANORDE BATAVIA BOMBAY CALCUTTA CANTON
DAWNPOAB
VENU
OULOMBO
DAIBEN (Delay,
اهات Bouth Kino
DELAI
MANILA
MEDAN
NEW YORK
FERINO
PENANG PESHAWAB RANGOON
KAIGON
MEMARANG REMEMBAN BEFANOILAL ВЕНОА РЫНК HOURADAYA TAIPING
(P.M.8.)
BAIPHONO
HAMBUNG
HANKOW
HARBIN
(N. Manoburiaj
TAVOY
RÙNG KUY
TRENTSID
ELOILE
1P0H
KABACH.
KLANO
KOBE
KUALA KANGSAR
Park (2.1.4.7
TUXTO
TUNGKAR (Buke, TSINGTAO
YOKOHAMA
ZAMBOANGA
(Philippslands)
Gezerai
Foreign Exchange; and Banking business transacted.
Current Accounts opened and Fix- Ed Deposits received for 1 year or which will shorter periods at rates be quoted on application
A. H. FERGUSON,
Manager. Hong Kong, St. January, 1929.
THE HO HONG BANK, LTD. (Established 1917.)
CAPITAL.
Authorised Issued
Paid-up
Reserve
Liabilities
of Shareholders Surplus
.Straits $20,000,000 8,000,000 4,000,000
4,000,000 2,526,000
HEAD OFFICE; SINGAPORE. Branches, Agencies and Correspon- dents in the principal cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOI,
Menager. Hong Kong, 15th May, 1930,
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO)
HEAD OFFICE--Talpeh, Formosa.
Incorporated by Special Imperial
Charter, 1899.
Свакти Вася и Петрова.
Bauh-Horse issued Armour Yea, 4,000,000
BRANCHES AND AGENCIES. JAPAN :—Tokyo, Yakobama, Kobe, Ossia.
Head (AMBIERDAM”).
FORLOVA - Karl Larano, Keluar. Earlerts Hood On:-BATAVIA.
Too Neato, Shah, Teloha, Tainan #RANOURI :—andjartanlı Bindowns') Bomber, Takao, Tarul, Tona, Dalto, Tairo.
Calouste, Cheribom, Djetiber, Djok- | QENA:-hanghai, Bankow, Amoy, Pankaw, mania"). The flatva“), Jaddah, Kobe,
Bot Radi, Makassar, Medan, Padang † OTH US:-Hong
Palembang, Pokaisogan, Panang, Pontianak, Bangoon. Berdam"}, Ramatsog')
Bibolg
THE CHINA MAIL.
TAX RULES.
COMMERCE
EFFORT TO REDUCE HARDSHIP
IN NEW BUSINESSES.
RUBBER COMPANIES MOVE.
AND
FINANCE
Mr. J. M. Walker, Manager of the Chartered Bank on Shameen, was the next speaker. Both his speech and that of Mr. Armin Brockeimann Schubert, of Reuter and Co., wore in English. They said in part that thoy congratulated the president of the bank on the handsome building which aymbol of the prosperity of the bank future.---
in the
Buccess Canton News Agency.
was
1
WOOL TEXTILE INDUSTRY.
NEW HOME INCOME year one always comes twice there. institution, and wished the
fore in a new business, but at the every present time you give the tax- years is taken three times over at the case of hardship, instead of paying on year two as measured by year one, he can pay on the actual profits of year two. We are pro- posing to give him an option, Instead of paying on the actual profits of year two, to extend his option to years two and three. We are going to make him, if he wishes to exercise his option, exer- cise it in regard to both years two and three.
--
London, May 8. The following appeared on the papers of the House this week in connection with the Budget resolu-
tions. It was No. 11.
Computation of Profits or Gains in case of new trade, pro- fession or Vocation..
11. "That it is expedient to amend the provisions of the In- come Tux, Acts relating to the computation for the purposes of income tax of the profits or gains of a trade, profession or vocation so far as relates to the charge of income tax in respect of any such profits or gains for the year of assessment next after, and the yeur of assessment 'next but one after, the year of assessment in which the trade, profession or vocation was set up or command- ed."
|
Mr. Churchill:-The average?,
Actual Profitu Taken. The Attorney-General:~~No, the actual profts of years two and i three. He can pay if he likes on the actual figures of year two and year three instead of the present situation when, he pays on the ae- tual figures of year two. The reason is this: If you get a busi- ness with a good profit in the first year, the fact is that first years is taken three times over at the present time. It applies to a business partly started and begun in the first year, it applies to the second year and to the third year. The Taxpayer's Option.
I can explain it if it is desired. This means that the Treasury It is, very difficult to follow with- will be able to grant relief on aout writing it out on paper. You It is more equitable plan in the com- really want a blackboard. mencing years of a business or quite plain. You apply part of the profession in cases where the nor- first year to the second and third mul basis of assessment gives rise year. That may work hardship to to hardship. The existing law business with a bumper firat year. gives the taxpayer an option to On the whole, it is thought more have the assessment for his second { fair and equitable to the taxpayer income tax year.adjusted to the if we extend the option he at pre- | profits of that year. It is proposed sent enjoys' to year two to year that in future instead of this three also. We tell him that, if he option, which is confined to a is going to exercise the option on single year, he shall have an op-year two, he must exercise it on tion relating to the second and third years taken together, ie., he will be able to have the 185e98- ments for both his second and third income tax years (but not for either without the other) adjusted to the respective profits of those years.
R.G.A.'s Representations. Kang diapore, Bouzadays, This is an issue that vitally in. Remarang. Bauto, Hombay, Calotterests the whole rubber, world and London, New Yih) Dainaj
LONDON HAKKEDS,
the Rubber Growers' Association are making very desperate efforts which will be evidenced on the Finance Bill, to try to get the
(Bumaus), Singapore, Foursbal, The London Cously Westminise and Pary's Bank.
Moukaria (Bal2), Tegal, Tillaijay and Weiseneda.
* Then afloss have ende deposit bezas bo tak, Load Bankers :~~National Provincial Ball LiŻ. Correspondents all over the world
Banking buainete ni avery £ription insole.
A. STOKKINK,
Act. Manager,
Hong Kong, Ist Apell, 1200,
BANQUE DE L'INDO - CHINÉ.
HEAD OFFICE:
96. Boulevard Haussman, Paris. Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital...Fra. 68,400,000.00 Beserve Funds ....Fra.102,000,000.00
DRANCHES:
Bangkok Hong Kong Quinkon
Battambang Hue
Gea:ho
Canton
Djibouti
Mêngtze
Baigon
Shanghai
Nama Dinh
Singapore Tianhea Tientsin
NeumeB
Fort-Bayard Papeeto
Haiphong Peking, Tourane Hankow Puomi-Pouh
Hangi
Vinh
Pondicherry Yunnanfu BANKERS:
IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Grodit Industrial et Commercial; 80- ciete Generale.
IN LONDON: The National Pro- vincial & Union Bank of England, Ltd: Comptoir National d'Escompte de Paris; Credit Lyonnals,
IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor- poration; Guaranty Trust Co. of New
York.
The Bank was Correspondanta to all the pet apal Commercial entrée Uhroughout the world.
E. KADURA.
Manager.
BONG KONG_SHANURI
* Vorur Boad Central i Hong Kong. 16 January, 192
THE BANK OF CANTON, LTD.
Established 1912,
Head OEco-Hong Kong.
Ansacred Capital (BX. Curranny: $11,000,00% Paid Up Caplis.es,
BLANCHES-
Cauron, Bangkok,
Bankov, __DREIGN. Bangkok, Now Xush and wan Franco
LONDON BANKKKİ, The_Lloyd's Back Lamited. CORRESPONDENTS
in alt primapat diles of the Forld.
Pesign exchange and baskug burluan si avery Geotipsian invasoradi
Safe Deponis Bazme frazione know) as a Jonsky
LOOK POONG SHAN,
Chief Macuget Hong Kong, 14tth May, 1090.
THE BANK OF CHINA.
行銀飯中
year three also. It applies only to a very limited number of caseя.
Mr. Churchill:-How will that affect business?
Mr. Snowden:-It is very difil- cult to give an answer to that. On the whole it is expected to de- velop it, to businesses. It is for that purpose we are proposing it.
The resolution was agreed to.
CENTRAL BANK.
Treasury to make this retroapee Its New Canton Home
Opened.
tive. Their position is that the hardship at the present time com- menced when the change over was made under the Finance Act from
Canton, Yesterday. the three years average basis, and Nearly 200 people witnessed the companies adversely affected took | official opening of the newly built, the matter' up 'through the R.G.A, handsome, modern home of the with the Revenue Authorities, and Central Bank, on the East Bund, also by deputation to the Chancel at 10 o'clock to-day.
The guests assembled lor of the Exchequer. No relief | were
оп the second was obtained and the matter was floor, where the
ceremony took then taken up upon a point of law place, presided over by General by the Kuala Muda Co. as a test Tang Yen-wah, Commissioner of case, to the Courts. The other, the Department of Reconstruc day the Court gave its decision tion. against the Company, but it was
The ceremony began with the publicly stated that it was a great usual reading of the will of the hardship. All the rubber com- Kuomintang leader, and bowing panies are anxious to have this before his pleture, General Tang, relief carried back to the time the principal speaker, dwelt at when the initial mistake was made. length on the history of the Cen-
Statement in House of Commons. tral Bank, which, he said, The following statement was ane of the main factors made in the House on the con-made it possible for the success sideration of the Budget resolu of the Northern Expedition of tions which precede the Finance 1927, inasmuch as it provided the
Reorganised October 26, 1928, under Bill; it cannot of course be regard- special charter of The National Goved as satisfactory. ernment an
Eleventh resolution road A INTERNATIONAL EXCHANGE second time.
ап
BANK
Motion made, and question pro- Subscribed Capital ....$25,000,000.00 posed, "That this House doth agree Interest allowed on Current Ae-Paid-Up Capital .......$24,710,200:00 | with the Committee in the said re- soante and Fixed Deposits according Reserve Funds ........$ 3,820,508.82 solution."
to arrangements.
Every description of Banking and
Exchange Business transacted.
Safe Deposit Boxes to let
A LECOT,
Manager.
Hong Kong, 1st May, 1929..
THE YOKOHAMA SPECIE BANK.
LIMITED.
Established 1880.
HEAD OFFICE; SHANGHAI.
HONG KONG BRANCH:
4, Queen's Road Central.
Mr. Churchill:-We will 110 doubt receive from the Govern mont some explanation of the pur pose they have in mind in placing this resolution on the Paper.‚
The Attorney-General-It is a Owing to car numerous branches in complicated matter to explain, but China and large connections in the I think I can explain it in a few Important commercial contros of the world, we are able to extend to our sentences. The House is, aware that clients' special facilities for domestic the principle on which at present and foreign banking and exchange. you base the obligations of income We also handle the issue of Ronds tax payers is that you measure one Capital (fully paid-up) Yon 100,000,000 and other Public Funds of the Chin year by the standard of the pre-
Yen 111,500,000 ese Government both at home and
vlous year.
That involves that abroad
SHOU J. CHEN, then there must always be one year Manager which is taken twice. In the first Hong Kong, 5th March, 1980.
year, you have no previous year which you can take at all, and consequently you take the actual profits of that year. In the second year of the business you take that period over again as being the standard, namely, the amount. made in the previous year. The
Reserve Fund
Head Office:YOKOHAMA..
Branches and Agencies, ut:
· Alexanİzİs
Batavia Sombey Branos AgroE Temporarily
Calcutta
Changchun
Dairen (Dalny)
Nagoya Newchwang New York Osika
Peking
Langoon Rio de Janeiro Baigor Bale Francisco
Fogtien (Mukden) Beattle
Hamburg
Bankow
Honolulu
Xai-Xues
Kobe London
Zow
Angeles
בסו
Samarang :
Shanghai Shimoncseld Hingapore
Bourabaya
Tiantain Senkro
Tainanfa Tsingtan
Vladivostock
empor
Current
tsed
at rates to be obtained on appliest
IL MORA
Haus Kon 10th March, › 1380,
KASHMIR SILK STORE
for EXCLUSIVE STOCKS
SILK
Th
SILK GOODS
Opposite Queen's Thea
THE INDUSTRIAL & COMMERCIAL BANK LIMITED
HEAD OFFICE: 12-14, Queen's Road;; Central,
COR
-Hong Kongated
BRANCHES
Hankow, Canton SPONDENTS
was
which
finances for that great necessary undertaking. ›
(Continued on next Column.}
cities of the world""" {{}}} Banking. businest
cted rompt, and personal, servies.
IENMU E LIND
(Listeral" MasAIDE,
|
London, Yesterday. Four trade unions engaged in the raw wool section of the wool textile industry have now officially advised their members to accept the wage reduction proposed in April, and an almost general re- turn to work on the employer's terms is expected forthwith.- Reuter.
THURSDAY, JUNE 12, 1930.
BUSINESS DIRECTORY
AT THE NEW SILK STORE.
A NEW SHIPMENT OF PRINTED CREPE-DE-CHINE
AND
GEORGETTE HAS JUST BEEN RECEIVED. AND IS BEING SOLD AT VERY MODERATE PRICES AT THE TAJMAHAL SILK STORE, 5. Wyndham St. Opp. China Mal
BOOKBINDING.
THE
NEWSPAPER ENTER- PRISE LTD.
for Superior Binding "China Mall Offices,
3A, Wyndham Street, Tel. 20022
BOOTS & SHOES,
Pair
The annual value of Canadian dairy products-$297,625,000-iss few million dollars less than the total annual value of the mineral Leather Sole Canvas Shoes... 4.80 production of the Dominion. A Crepe Rubber Sole Canvas Shoes $ 5,00 total of 286,000 farmers supplied Crepe Rubber Buckskin Shoes $10.00 milk and cream to the 2,838 dairy Black or Brown Boots from ..$ 8.00 Black or Brown Shoes from .3.0.00 factories throughout the Dominion Children's Boots ur Shoes from $2.00 last year.
JUST RECEIVED.
SUTTON'S FERTILIZERS
Al Garden Fertilizer "Simplex" and "Dynamic" at $2.00 per tin of 5lbs.
also
Cinys Fertilizer at $1.50 per tia Ichthemle Guano at 1.25 per tin Slug Slayer at $1.25 per tin GRACA & CO.,
Dealers in Garden Seeds, Postage! Stamps, Toys, Plèture Books, etc., etc.
TYPHOON
MAP
OF THE
10, WYNDHAM STREET, P.O. Box No. 620. HONG KONG.
PHOTO - SUPPLIES
Kodaks and Cameras.
Films, Plates and Papers, etc. Developing, Printing and Enlarging.
ZIESS and BUSCH FIELD' GLASSES Price Moderate
· A Trial Order is Solicited.
A. SEK & CO. ·
Tel. No. 23469,
26A, Des Voeux Road C Hong Kong.
YESTERDAY'S SOLUTION OBOE
SO
XERXES SH ES PAP TAU NOTORIOUSNESS TUS NUB TEE SETTER TERN UIT MAR TILT RIMMED HOA CO2 AGA TANTALIZINGLY EL'. IRA LLD LIA SILOAM ELEVEN TAEN
DISK
CHINA SEA
The Landsman's Handy Guide to Locating the Centre of a TYPHOON
Price 40 Cents.
NOW ON SALE AT THE PUBLISHERS
THE NEWSPAPER ENTERPRISE LTD.
Best styles, most complete stock of all sizes. Repairing a specialty. WONG SIU WOON 21, Pottinger St. Phone 21474.
DENTIST.
HARRY FONG, Dentist,
Lat foor, No. 74, Queen's Road
Central. Tel. 21255.
TANG YUK, DENTIST Successor to the Into SIEN TING, 14, D'Agullar Street...
TERMS VERY MODERATE
·Consultation Free.
DRAWN THREAD WORK.
TOO HOT to wear silk?
get
COLOURED LINENS
for
your dress & your baby's frock from
FOOK WENG & CO. THE ONE PRICE STORE
China bldg.
Phone 24628.
ELECTRICAL SUPPLIES.
THE GLOBE FOOK CHEONG ELECTRICAL SUPPLY CO., LTD.
72 Queen's Road, Central. Tel. 23270.
ENGINEERS & SHIPBUILDERS,
W. S. BAILEY & CO., LTD.,
Kowloon Bay.
New Work & Repairs.
Call Flag "L” Sola Agents for Kelvin Motora.
GENTLEMEN'S TAILORS.
THE HOT WEATHER IS COMING
SO ORDER NOW
YOUR SUMMER SUITS SILK SHIRTS
AND
PYJAMAS
AND KEEP COOL AND COMFORTABLE
BROWN
2nd 1, Rutton Bldg..
7, Duddell St. (opp. Gospel Hall). Tel. 23056.
HAIR DRESSERS & BOOKSELLERS
HON MAN
57, Des Voeux Rd., C.
LADIES' AND GENTLEMEN'S HAIR DRESSING SALOON. Expert Barbers Moderate Charges
LEE YEE,
Ladies and Gentlemen's Ha
Dressers & Booksellers. No. 12, D'Aguilar Street. (opposite Queen's Theatre).
OPTICIAN.
THE HONG KONG, OPTICAL
CO.
'Phone 22232.
53, Queen's Road Central
PRINTING.
THE NEWSPAPER ENTER.
PRISE LTD., General and
Commercial
Mall
Printers, "China Offices.
3A, Wynham Street, Tel, 20022.
DAILY CROSS-WORD PUZZLE.
(This cross-word puzzle has been made by an expert but - our readers are warned to look out for occasional phonetic spellings, such as harbor, plow, and altho,)
2
13
$5
6
18
13
32
36
37
42
47
HORIZONTAL. 1-Kingdoms 6–2,000 pounds
Gresso -Joined 10-Poisonous anako 12-Pinah 14-Depresiód
15-italian city
17-Vim,
10-Proposition
· 20-An ornamental altari
Borgen -22-Toward the end of
{"wöflan' 23-Numerous
24-Rock out.
26-A rib (Latin)
27-Arundor
́28-An order'
-80-Mind
A1-Vary
"Es Continuad stori
44°36–Gram (abbr.)
134
HORIZONTAL (Cont.), |38-A cavalry word | 39-Beam of light 40-Half score 42-Postscripte (abbr.)
43-Prohibit 44-Chasm 46-Clamer
47-Bharpened
VERTICAL
1-8pock
2-Upon
3-Pastaġaway in a
theatre
4-Negative... 'G—Evil:
18
VERTICAL (Cont.) 13-Fondie 14-Scornful uttarance 18-Threats
16-Worthy of note 18-Clay ware moulded and hardened 20-Grades
21-8tage perforiners
without speaking \\parte){abbr.) 23-Manuscripts (abbr) 25-Desp bark of a day
In hunting
29-Enoners 30-Propatiers
32-A grain
844 Norwegian post' 35-A'fab
6-To spread Inasaly to 37-A wooden pin-
B-Edge
9-8mall rug 10-Préazy
11-Tableta
39-Moved swiftly 41-A short sinap 43-Order
48-italian river
$22, 46-Prefix="from"
fold: The solution of tha abóvaloross-word puzzle will appear En
to-morrow's fisse along, seith a neio oross-word puzzle.)
K