CHARLES YATES DEFEATED
American Amateur Golf Championship
OTHER RESULTS
Oakmont, To-day. Charles Yates, the United States Walker Cup player and recent win- ner of the British Amateur Golf Championship, safely negotiated the first round of the American Amateur Championship yesterday, when he beat Von Savage by 3 and
2.
Other notable first round results
were:
:
Johnny Goodman (holder) beat Sid Richardson 4 and 3.
Fred Haes beat E. J. Flowers 5 and, 4.
MR. LO AND
WATER FINANCE
EXCESS
"will" - be shifted
nderd
to the tenant, and T be most fully to concur in the view expressed by the Financial Secretary, în para- graph 15 of his Memorandum, and I do earnestly appeal to the landlords adjust their rents in consequence.
(Continued from Page:16), which is fundamental, namely, that the Government from Water of about $16,- charges do not take into account the difference between a necessary, supply 800,000:
Admittedly the whole of the past represented by a minimum consump-
Before I sit down I should like to capital expenditure has been paid for tion per head per household, and waste, out of General Revenue, and I have or extravagant use, represented by a pay a sincere tribute to the Financial
in
Secretary for the obviously fair and such attempted to show-I hope successfully consumption
sympathetic way in which he has that it has in fact been paid out of minimum consumption.
tried to deal with this difficult pro- Water Revenue. This being so, why The desirability of making a more the consumer should now be made to or less nominal charge for the initial blem, and for his manifest concern for the poor. His and Mrs. Caine's work; pay anything in respect of this past minimum supply is frankly admitted and efforts in the cause of social capital expenditure defeats my com- by the Financial Secretary, and was prehension!
a former Governor in this Council Chinese Community. stressed by no less an authority than improvement in the Colony have won the appreciation 'and gratitude of the NO ANSWER
It is therefore Sir William Peøl. I feer that one with genuine regret that I have felt Much has been said about Military inevitable consequence of the new it my duty to make the criticisms I Contribution. I hope that some equita- scheme is that the very poor will in-have on his proposals. My own im- ble solution of this thorny question creasingly resort to the use of street will be possible. In the meantime I hydrants, with all its obvious ob pression is that if he could have for
mulated a scheme without having to would like to observe that military jections from the point of view of reconcile the irreconcilable views of contribution at 20% has already been public health and hygiene. It seems different Government Departments, it paid on the so-called past capital ex- to me a real pity that a scheme con-would have materially differed from penditure of just over $15,500,000.00 ceived in the noble spirit of helping that now presented to this Council. and that payment by way of an annual the poor at the expense of the rich
Since government has announced interest on this sum at 2% will of should contain factors which make the that it intends to proceed with the course involve an annual further pay realization of the aim in view a matter Financial Secretary's proposals sub- ject to the modifications indicated ment of military contribution at 20% such patent impossibility.
In the modifications of the. Finan-
above, and since this Bill forms part of cial Secretary's proposals mentioned earlier in my remarks, it was stated- "In order to meet objections to the repayment from water revenue of past capital expenditure out of General Revenue, it is proposed that the sum of 2% of that capital, intended to be devoted to such repayment, should in- stead be used to build up a Renewals Fund which will be available to meet large renewals of capital equipment and will thus in future save further
Johnny Fischer beat Ted Bishop borrowing or expenditure from Gener-
al Revenue Account."
4 and 3.
Ray Billows beat John Levinson at the 20th.
Joe Thompson (Canada) beat Ross Somerville (former holder) 1
up.
SECOND ROUND
Oakmont, later. There were several surprises in the second round, the outstanding of which was the defeat of Charles Yates at the hands of Edwin Kings- ley, who won by 2 and 1. ..
Pat Abbot also caused an upset when he beat Ray Billows by 2 and 1, while Joe Thompson, the Cana- dian Amateur Champion, entered -the Third Round at the expense of Fred Haes, who was beaten at the
19th. Reuter.
Robert Brownell beat Reynolds
Reuter. Smith by 2 and 1.
ANNUAL INTER-CLUB GOLF SERIES
It must be plain to any fair-minded person that the above quotation does not pretend to answer the criticisms against this particular charge which had been placed before Government. Our objection is not directed to the question as to how. this annual sum of over $300,000. should be used: it is directed to the retention of this sum as an item on the expenditure side when, on the figures of revenue and expenditure supplied by Government, such retention is not necessary in or- der that the actual expenditure may be paid for. by actual revenue.
A REMINDER
It is interesting to observe that the "modification" had in fact been con- sidered and rejected by the Financial Secretary in his original memorandum, quotation clearly as the following shows:-
"In principle I think it is most de- sirable that there should be provision against the contingency of renewal, of all works and equipment which may be expected to require renewal within a reasonable period of time, as is the common practice of other water un- dertakings and similar, enterprises. The proper accounting procedure is to build up a Renewals Fund to which such expenditure can be charged. In the absence of such a Fund the cost of renewal must be met by other means; c.g.,, renewal of the cross- harbour pipe line is now necessary and will have to be met from loan. There. is, however, a factor in "Hong Kong finance which forces a departure from orthodox principle-the military con- tribution. If annual contributions were made to a Renewals Fund and re- venue raised from water charges to cover, such contributions, military contribution of 20% would have to The gross H. H. Mundy (Captain), N. J. Book-be paid on such revenue. er, A. Brooksbank, F. Buckle, A. D. Humphreys, D. Humphreys, W. J. S. Key, T. B. Low, J. W. MacDonald, A. McKellar, A. J. MacFayden, G. T. May, W. H. Nolloth, G. M. Park, R. G. Parker, R. S. W. Paterson, J. A. R. Selby, and R. Young.
Valley Club Team Selected
The following have been selected to represent Happy Valley Golf Club against Kowloon Golf Club in their an- nual encounter, which will be held on Sunday, October 9:
INTERPORT CRICKET TRIAL ON SATURDAY
Teams Announced
ing, the
Weather perm Interport Cricket trial o September 17 on
2 p.m. The following
selected
Mr. A: CI. Bowker's XI: AVC. Bowker, LAD. Kilbee, I. H. B. Leckie. A. C. Beck, D. J. N. Anderson, E. C. Fincher, R. Lee, N. A. E. Mackay, A. R. Minu, Capt. Whitmarsh, C. M. M, Man and C E. Godby.
Mr. H. Owen Hughes' XI-H. Owen Hughes, T. A. Pearce, H. D. Bidwell, N.DLloyd, W. Colledge, M. P. W. don, R. Nazárin, A. R. Kitchell, A. I Medar L
-D; Mo 1/8. 1
Tetur
and
course.
additional revenue to be collected would therefore be 25% more then the Re newals contribution. On the other hand if renewals are in due financed from loan the charges on such loan will, if present practice, is maintained be deductible. from the re- venue. assessable to military contribu- tion. Unless and until there is a change in the military contribution system, therefore, the balance of ad- .current vantage lies in making no provision for renewals but financing them in due course by loan. Any "surplus” of revenue which may arise should, as already indicated, be re- garded as available for renewals.
GRATUITOUS CHARGE"
itary the
liable: Contribution, authoritative and expert views of the Financial Secretary set out above.
For the reasons indicated above I submit that, however much opinion may differ as to the other items of expenditures set out in the Financial Secretary's Memorandum, there can be question that this gratuitous charge over $800,000.00 a year as a working ise of the Water Department --
and cannot possibly bà
unsatisfactor:
estion
one
reason,
of
· TRIBUTE TO MR. CAINE
When meters per floor have been such proposals, I regret that, as
in matter of principle, I must record my installed the effect will be that many cases the burden of water charges vote against this Bill.
ANCHOR
BEER
SATISFIES!
Refreshing
·BREWED FOR
THE TROPICS".
ANCHOR BEER 18 THE ANSWER
SOLE AGENTS GILMAN & CO., LTD.
LOUCESTER ARCADE.
TELEPHONE 90D86.
"