Page
THORNYCROFT
JOHN. I THORNTOROFT & Co., LIMITED,
SKIFSUILDERS AND ENGINEERS,
LONDON, SOUTHAMPTON AND BASINGSTOKJ.
Shanghai Ofice: 65, Szechuen Road.
MARINE MOTORS AND MOTOR BOLIS. 31010R LIGHTING" AND PUMPING SETS
SHALLOW DRAFT STEAMERS.
THORNYCROFT GIL» FUEL SYSTEM.
Commercial, High-speed and Pleasure Craft.
THORNYCROFT WATER-TUBE BOILERS. THORNYCROFT MOTOR VEHICLES."
Our Motor Engineer and our Naval Architect. both Thornycroft experts, now resident in Shanghai,, will give attention to all inquiries.
Early deliveries, can be made of 15-b.h.p., 30-b.h.p., 45-h.h.p, and 10-h.h.p. Kerosene Marine Engines. .......
119"
RR ROXBURGH,
Manager for China.
THE FUJI TRADING CO.,
LIMITED
(Inc. in Japan)
PAPER
of all Descriptions In Stock.
Address: 1, Chater Road Central, Hongkong P. O. Box: $40. Telegraphic Address: Fujiboyeki, Hongkong.
Head Office: OSAKA.
Telephone 3453.
Just received from U.S.A., a new shipment of Typewriters-
different models:
108
Inspection cordially invited by-
UNIVERSAL IMPORT & EXPORT CO.
HOTEL MANSIONE,"
SHIPBUILDERS.
SHIP REPAIRERS, BOILER MAKERS, FORGE MASTERS. OXY-ACETYLENE & ELECTRIC WELDERS. MECHANICAL &
ELECTRIC ENGINEERS
! ོ་ |
TOP FLOOR,
HONGKONG.
DRY
DOCK,
OF HONGKONG, LIMITED.
TAIKOO DOCKYARD & ENGINEERING COMPANY
THE HONGKONG DAILY PRESS, WEDNESDAY, MAY 197H, : 1920.-
Length 787 Feet: Length on Blocks 750 Ft. Depth on Centre of Bill (EL.WO.S.T.) 84 ft. 6 ins.
THREE SLIPWAYS-
Capable of Handling Ships Up to 3,000 Tons Displacement. Electric Crane at Sea Wall, Capable of Lifting 100 Tons at 70 Feet Radius
BUTTERFIELD & SWIRE,
TEL ADDRESS: "TAIKODDOCK," HONGKONG TELAFHOSE No. 212
AGENTS.
CALL FLAG: “COVER ANS. PENNANT, HONGKONG, CHINA & JAPAN,
THE CHINA & AUSTRALIA S.S. CO.
BRITISH SHIPPING
ITS HOLD ON THE EAST:
H.M. Commerctal Counsellor writing! upon the subject of British shipping in
the Board of Trade Journal wayB****
MILKMAID
While it it, quite true, as stated in the STERILIZED
Pournal of Novianiber 20th, last, that the Japanese have, capecially since the war, very considerably increased their share of the shipping trade in Far East- ern waters, the statement hardly does justice to the important part played by British shipping companies in this trade, and is, inlet, apt to be misleading.
NATURAL
MILK
(COLOURED LABEL) IT POURS
The following table shows the percent OUT OF THE age of tonnage employed in all China ports by the principal countries trading with the Far East in the years 1913 and 1019-
1913.
1918.
Americia.......96
40:84 1.32
1.51 37.27.**.
British
German...re 6.7.7
French
Japanese
Russiae
Chinese
25.10
31:51
1.82
.........
#21.39
03 #27.14
* Chiefly coast and river stäamera. It will be noticed that although the British share has decreased from 30.84 per | cent. 10:37.37 per cent, and the Japanese
shows an increase from 95.10 to 31:51 per: cent, Great Britain stiki Jeans the way, and there is every indication that with a return to normal conditions in the ship, ping trade of the world the British share of the carrying trade of the Far East will once more regain and even surpass its former importance.
For MELBOURNE & SYDNEY VIL MANILA, SANDAKAN & QUEENSLAND PORTS
"HWAH PING"
VICTORIA
For Passage and Freight apply to
On or about June ist..
2nd July
THE CHINA & AUSTRALIA S8 00.
THE COASTING TRADE.
ot
The Japanese made strenuous efforts during the war to gain a footing in the coasting stade China, which has hitherto been largely in British and Chinese hands, and they also took advant- age of the shortage of "British tonnage to extendi their European and American. lines. But in the coasting trade we have fortunately been able to hold our own, and we are slowly but surely getting back into the European and American trade.
The Americans are making a strong bid for the Pacific trade, but it is doubtful 1. they have the organization or experience necessary to enable them to compete suc cessfully with the British and Japanese lines.
The Chinese still ecnfine themselves to the coasting and river trades, though attempts are now being made by various native companies to extend their lines to the Straiti, India, and beyond.
FOREIGN INVESTMENTS,
TAX ON EXCHANGE PROFITS. Questions having arisen concerning the liahfiity in respect to income tax upon the large prosto now being realised by companies liquidating their foreign and Colonial investments Mr. Chamberlain has sent the following letter to Mr.'G W. Currie
DEAR SIR-With reference to your letter of the 10th ult. (March) the Chan cellor of the Exchequer has asked me to say that he understands that the income tax position with regard to profits due to exchange has now been fully explained to you by a representative of the Board of inland Revenue Mr. Chamberlain, how- ever, thinks that the following brief sum- mary of the position may be of interest to you wa
Where a company is liable to income tax in respect of any profits, and such profits 'are increased by reason of the rate of exchange, the whole of the profits, includ- ing the part attributable to the exchange, are chargeable with income tax Where particular transactions result in a sur- plus or profit which is not itself taxable income within the scope of the Income Tax Acts," any additional profit from exchange attaching to that surplus or proft in equally outside the meshes of the income
tax net.
BEST
TIN LIKE
FRESH MILK
171
PACKED BY NESTLE'S
IN, TWO SIZES
3/4 pint
1/4 pint SOLD EVERYWHERE.
WEATHER REPORT.
894
May 18t2, 1213-No returns from Japan, and Vladivostocku
Pressure has 'ingrouse slightly at the highest over Japan, and remalus relatively majority of repæling stations; it is probably los over Indo-China.
Hongkong rainfall for the 24 hours ending. at 10 am today, 0.00 inch Total sinos January 1st, 20.85 inches; against an average of 17,44 inches.
The forecast for the 24 hours ending at noon w-day is as follows:--
Hongkong to Gap Rook
Fermons Channal
INDO-CHINA
STEAM NĀVIGATION COMPANY, LIMITED.
KOBE
·BAILINGS 28UBJECT TO ALTERATION
"LAISANG 141-
HAIPHONG vi BOIHOW
7.
SHANGHAI...” -
BHANGHAI
MANILA
SINGAPORE PINANG VIL AMOY ... SANDAKAN me
Wed., 19th May, par "TAKSANG... Wed, 19th May, 6 PESANGTM
Thurs, 20th May, D'light "KWONGSANG "Fri, 21st May, D'light YUENSANG" Fri. 21st May, 3 p. FOSHING Moa, 24th May, 3 pm
HINSANG-Thurs., 27th May, Noon
JALOUTTA "LINE -This Line affords regular salilings, só"Calcast, tenang and.
Singapore; returning from Calcatta, steamers proceed via Strate and Hongkong to Japan, joɛssionally csiling at Shanghai, All stommers "bare excellent passenger Accommodation, are Etted with Electric Light and Fans and carry a fully-qualified Bargeon
SHANGHAI "LINE:-Ballinge approximatalý every five days between Canton ane Shanghal, sometimes calling at Swatow. Through tlakem can
MANILA!
HAIPHONG
BORNEO
be obtained and through Bills of Lading are larusd to mil dorthars and Yangitus Forts via Shanghai. LINK:—A 'wookly service is mainmined wian Manila, by venesis with good
1passenger accommodaMom, sailings from both ports every Friday LINE:Balings approximately weekly for pamengura and carga,
salling at Hobow when inducement offers
LINE:Оãe elling per month between Hongkong and Sandakan by
a steamer having up-to-date socommodation for parengers. Cargo taken on through Bill of Lading for Kuadat, Joeralioni Labuan, Tawao and Lahad Datu. TIENTSIM LINE:-1 167Kine service is can from March to November between
Hongkong and Tientsin, salingas Walhalwel and Obeton.
CALOUTTA
S.S.
LINE.
‘FOOSHING"
will be despatched on or about May 24th, for SINGAPORE, & PENANG via AMOY.
Through Bills of Lading issued to RANGOON, PORT SWETTENHAM, MADRAS and CALCUTTA,
For Freight or Passage apply to-
TILIPHONE NO. 16.
Jardine, Matheson & Co., Ltd.,
GLEN
GENERAL MANAGERS
AND
SHIRE
Joint Service of Steamers:
U.K.-STRAITS, CHINA & JAPAN SERVICE.
Vessel
CARMARTHENSHIRE"
"CARDIGANSHIRE”
GLENSANDA“ "GLENAPLE "GLENTARA
E.
FORECAST.
and
SE
Fease! GLENADE PROFESSOR
{ winds, moderate; Hair.
J'The sama (a
No L
South Cowah of Chins between, The_asme" se
Hongkong and Lamocki
Borth Coast of China between {'The
Hongkong and Hainan...
.HONGKONG METEOROLOGICATI
REGISTER
Hongkong Observatory, May 18th.
In the case of an investment company which does not, as part of its operation, carry on a business of dealing in invest ments, so that the profits or losses realised on the sale of its investments have never entered into the computation of its income tax liability, no claim to income tar arises in respect of the surplus derived from the realization of any or all of its investments —in the course of liquidation or other- wise and this is equally the case as re- Barometer gards any enhanced profits attaching to Temperature such realuations, which may be due to the Humidity state of the exchange.
Wind Direction ..Force i out. Weather Bain
The Chancellor also wishes me to thank you for your letter which he received ou the 17th inst., in which you suggest the taxation of such profits in certain cases.-—- Yours faithfully," Y
& F. HEXHIRG-47- Treasury Chambers. Whitehal. S.W.I.
March 29th,
NAVAL ECONOMY.
|FLAG› CHANGES ON THE CHINA
STATION.
OUTWARDS.
Dae Hongkong
22nd May..
12th June
25th Jana.
30th June
12th July.
Discharges
GENOL, LONDON & ANTWERP.
LONDON.
HOMEWARDS.
Leaves Hongkong
30th May
29th May
Movements are subject to change without notios.
For freight or farther particulars please apply to
Jardine, Matheson & Co., Ltd.,
(The Glen Line, Ltd: AGENTS: The Royal Mail Steam Packet Co
Owners of "Shire" Line,
Tel. No. 116, sub. ex 13.
Cable Address,
Kawakisen, Kobe Bentley's, A.B.Q. 5th H
Previous On Date On Date
·Day
BU
jat 2. p.m. "6 1.12.
29,83 29,91 78. 74 61 East 3.
0.04.
92 .Eart
2 p.m.
19.80 80. 8%
and Scott's Codes.
East
Highest open air Temperature on 17th...77 Lowestopen-air Temperature an. 18th... 74
Wook
KONGKONG TIDE TABLI,
From May 19th to 25th, 1830.
HIGH WATEK
F'kong
Days of
रा
Standard
Tima
H'kong Standard
-Time.
b. m. ft. in,, k. m.in. 19m 918 79m38 26
11138|| 438
Rear Admiral George H. Borrett, O.B., who recently arrived on the Chins Station 68 from Devonport in his flagship, the Cairo, to take command of the Fifth Light Cuiser Squadron, is to become rear Wed. adm ral and senior naval officer, Yangtse, in succession to Commodore A. A. Ellison, on May 6th," on which date the appoint ment of maraduira?" "commanding the day Fifth Light Cruiser Squadron will lapsegatur, 92
The change gives-Vice-Admiral Bir a.. Duff, Commander-in-Chief of the China Station" fying his flag in the Hawkins, the ncditional duty of commanding the Light Cruises Squadron, and consequently effects economy by the maintenance of two instead of three flag officers on the stat am apart from Hongkong
5 10 240 749 m. 3:44.
4.20 6-19
KAWASAKI KISEN
(KAWASAKI STEAMSHIP
CAPITAL PAID-UP-
Telephone's Banna
1844; 1913,
CO.)
KAISHA
120.000.000
President: Mr. Y. KAWALAKL Vice-President: Mr. K. MATHUKAZA, Managing Director: Mr. MaxayA AKL
The Company has on hand a Largo. Number
NEW CARGO STEAMERS
ALWAYS READY FOR
میں الجھے معلوم کیا تھی۔
GHARTERS
all descriptions.
The following are comprised in the Company's Fleet 1-
Kleven steamers of 9,100 tons each de.dweight.
And, under the Company's mans gerner
ddweight each,
Twenty steamers of about 9,100 tons deadweigh
mers of about 6,400 tons Belonging to the Enwaanki Dockyard Oo, Isl.)
alis pad all fother particulare opply
KAWASAKI KISEN KAISHA,
No. 8,