END OF LEASE: PREMISES SOLD
THE HONGKONG "DAILY PRESS, SATURDAY, JUNE 1918,
BARGAINS
IN
PIANOS,
MUSIC & INSTRUMENTS.
COSTS ARE RISING,
EXCHANGE IS FALLING.
THE PRESENT IS YOUR
OPPORTUNITY!
LATER you will have to pay MORE.
ROBINSON PIANO CO.,
Sleep in Comfort!
LTD.
ECONOMY AND DE-CONTROL. THE DEADLY EXCESS PROFITS DUTY.
+
1920.
of the country ANGLO-JAPANESE ALLIANCE, cannot fance the ilustry, as it should be danced. To my wind
VIEWS OF SUN YAT-SEX this of the most grave aspects of
GERMANS BACK! *INDIGNATION AT SINGAPORE
the whole problem, and is ons that has not WHY CHINA CAS SEVER AUREE TO SHIP TURNED AWAY FROM WHARVES, The Smic Timesof_the_10th-__inst._hua. been touched on at all in the debates that have ao far taken place in the Hain of Commons.
A German ship), with a fierman skipper
RENEWAL The lotioning weighty criticism of the
Dr. Sun Yat-sen his very definite ideas the following:→ "Excess Profita tax is by Sir Edward Mag- kay Elgar, Burt, of Messrs. Sperling &
Must not the result of this be that pro-about the renewal of the Anglo-Japanese Co, who is Director of and jointly res ponsible for the financing of the majority duction will be stifled Business will find Alliance, and he spoke very strongly on and a German dag at her ser he had of the following Companies; British Con- pasible to finance in a way that will the subject to a representative of the the coolness to enter Singapore and so sent away much quicker The wenke concerns will by Yurth China Daily News. He is apposed alongside the Tanjong Pagar whares. Of trolled beds, Fairhod Shipbuilding production.
than she steamed in. The little tub con- and Engineering Ch Lanarkshire Steel unable to find the mor, they require and to a renewal from the point of view of our shut was
National Mining Corporation, will shut down.. The stronger will get the Northumberland Shipbuilding Co., Russo financing and will meet the taxation by a Chine Who regards with suspicion ally-cerned is the guthia, a ove deck steamer the only means in their power-they Bust thing that, may tend to strengthen Japan"
to.
Asiatic Consolidated. Wiliams Doxt rd & Son Workmas, Clark & Co..
Worlda
allow it to make extensions and increase
of 281 tons net which was built at the
Auxiliary Insurance Corporation, Asso Put up the price of their produce. Lu does in the Pacific und anything that would Hongkong and Whampoa Dock Co.'s slip-
houses, bogia, necessaries or luxuries, the make it easy for Japun to continue her wars in 1908 to the order of |(Chairman), Monmouth Pot matter what the product is: steel, food,
eiated Industries Insurance
Co.
(National Shipyards), Crosses and Wink worth Cocald. Mils
(Chairman), Alabama Traction Light and Power Co, American Cyanamid Co., British Columbia Broweries Cities Service Company (1st. Vice President), Mississippi River, Power
-Co
when I
inevitable result of this tax mist be that cost must go up and all manufacturers will present policy.
•
chargo more to make up for what they are a deadly opposed to any renewal called on to pay by the Government. The of the Anglo-Japasy Alliance," waid Dr. manufacturer of steel plates will put up the prices of his plates to the shipbuilder. Sun in reply to a leading question on the The chipbuilder will put up the price of subject.
"Why 1"
Because it will be detrimental to
the Nord- deutscher "Lloyd, and flew the German Ang
for which she obtained registration s
Bremen. Prior to the outbreak of war she
and in common with many othee Ger was engaged in the local coasting trade
man steamers that were frequenting the port. in those days, stoło quietly away on that memorable Saturday in the first week
of Angust. 1914, and made herself scares
Since then she has been employed in carry- ing cargo from various ports in thé "Dutch,
East Indies confining her operation, prin- cipally to Java where her cargo space was
usually requisitioned by tobices and ten
As briefly and a clearly as I can, the ship to the shipowner; until finally we reach a point where the shipowner cannot desire to outline to you the situation likely afford to buy the ship as it is not a pay. to be created wheu-as I fear must be the Case--the proposed Excess Profits Tax and ing proposition. He cannot make a profs China. When Japan is taking aggressive Tax and on the original cost. In many trades, mures, why does England wish to assist Corporation Tax become law.
With the second renewal of the there is to question that I am voicing the are nearing that point now.
And so we get the same old vicious circle-her/ view of all business mess in this country The Dervish Dance of increased cost of Altance Korea was eliminated from the
bo have made any study of economies manufactured goods and increased cost of
May that if
these proposals are living must surely be accelerated. We will family of China, and the Chinese people carried we are face to face with a situawhirl on, over faster and ever faster, until believe that by the time there has been tion that can only be described as grave the breaking point is reached and we fall four or five renewals China will follow.
ALL CHINES8-"ADAINST IT. It seems to me that the position can be exhausted. Do not let us think that only But we are prepared to fight against it
All the Chinese are against Japan and To me the capital is hard hit. Labour will suffer as stated in a very few words.
much or more. If only part of the prodite- writing on the wall is as clear as a printed tive capacity of the country can be utilised if the Anglo-Japanese Alliance is con book. The majority of questions involving owing to the impossiblity of fancing cluded we will be against England as economies are usually intricate and diff industry to its full extent works must well."
Are there many Chinese of that cult but in this case there can surely berely be shut down, and men thrown out little doubt.
of clupoyment. There can be no question:
Yas: Although they do not express it this. It is as certain as that night will follow day.
openlyas myself."
What would you suggest should take the place of the Alliance?
in the extreme.
NEW BESINESS ṬLLED.
12
of
THE TREASURY'S BLUNDER..
"What is the alternative! So long as the country is called upon to pay this quite fantastic sum of £1,400.000,00 in one year there is no alternative. We are beginning at the wrong end. A man with £1,000 a
I don't know, but England should determine it: it is harmful to England."
Dr. Sun pointed out that with every re-
concerns.
라
་་ ་་
4
It was with mich a consignment that she catre steaming in. from the westward * ̧.
The shortly before noon of yesterdag, loookout at Mount Faber picked her out - away towards Sultan Shoal, anticed live -nationality and immediately run, up the Geraan Aag on the yard nem of the signal staff at the same time notifying Fort Canning and the harbour authorities.
A member of the Pilot Asociation put
It is unnecewary, perhaps, to refer fur ther to the grotesque unfairness of the Excess Profits Tax.. We will agree that that is patent to all. The new busines TD. the busing that is being built up by the brains of the younger men, is hopelessly petrie [100
Mr: Baldwin has annoumerd that concesions in this respect will be made, bat in order to give new business a! Jeor does not sit down to consider how he newal China had to sacrifice"something.ant in his launch and boarded her just en and the money to spend £2.000 a year" Korra had gone, so also had Manchuri beyond the harbour limits, no docht falling fair chance the concessions would have limited ability, company making and if the alliance were continued again, be greater than there is any likelihood of £100,000 does not enter into obligations to they won't have the prepared to me to observe the colours she was proudly And then we Chinese would sporting in British waters. At 1.30 p.m. his granting. No one, unless he is dement
she reached Tanjong Pagar and was piloted ed, will start a new enncern, face to facet up a variety of new departments the China go.
BUFFER STATE.
alongside the wharf in the Empire Dock.. with the fact that be has no pre-war ¡ upkeep of which is sufficient to more than have to fight."
the company's entire income.
several British and French. standard and that he must pay a tax so they wish to avoid bankruptcy, both the
Continuing, Dr. Sun urged that Japan great that he cannot hope to compete with individual and the company must cut their the old-established firms in his line of clothes to suit their clots. It is not a case used India for her purposes in obtaining business-firms which were lucky enough to with them of spending whatever they feel the Alliance, trent Britain, he saidh-wa be in operation prior to the war, and so like spending and then casting round for afraid of Russin then, bir, nos Russin bas are blessed with a margin of profit before some method of meeting the Bill They been eliminated and there no longer exist.
So we can rule out the young men with first decide how much they can posibly; ed any need for the Alliance. If it was commenced. Someone boarded her and wo
spend, and in out their plans according argued that Japan, unbound by a
Alliance, would be able to do harm in to that figure.
India, how much harm would be done, Dr. Sun asked, if China became dominated by Japan?
You'll never have your slumbers disturbed by uncom. fortable pyjamas if you choose our full cut and roomy sleeping sults.
"
They are made of cool thla fabric that lets the alr through, and we stock them in either the short or full length styles.
SHORT SLEEVES, KNEE LENGTH,
ALL SIZES IN
LONG SLEEVÉS,
** FULL LENGTH;"
From $4.00 per ŝaît.
From $3.75 per suit.
STOCK
34 to 46
Chest.
MACKINTOSH
& CO., LTD...
MEN'S WEAR SPECIALISTS.
16. DES VEUX BOAD,
TELEPHONE 29.
It was Indeed a happy hap
when
hap we
to
bit. on
the
"HAPPY HIT"
for this cigarette is recognised as the 'IT' of discriminating smokers, and it certainly hit the mark wherever
BURLEY'S HAPPY HIT
is smoked to-day.
Ask for a tin and try it. IT'S TOASTED
An entirely new principle in Cigarette Manufacture.
-- BOLE - AGENTS:
THE HONGKONG CIGAR STORE
CO. LTD.
Hotel Mansions.
HEALTH V. SICKNESS.
90
By taking oar "ROOSTER BRAND" MACARONI, PASTE STARS, EGG 4 NOODLES. VERMICELLI or other kinds of Boup-stuffs REGULARLY you ope SICKNESS, all our Products, being manufactured from Floor of the Best Quality and under the most Sanitary Method, can be EASILY DIGESTED and give you GOOD HEALTH and STRENGTH----
Large guantities have been exported to various parta in the Work. Your esteemed Orders will receive our prompt and careful attention. Terma moderate, especially for. Agencies.
THE HING WAH PASTE MFG. CO., LTD, HEAD OFFICE-Hongkong Nos. 47 & 48, Connaught Road Central Tel. No. 2990. BRANCH OFFICE Shanghai, Nos. 430 and 131, Nanking Real FACTORIES Hongkong. Wing Hing Street. Causeway Bay, and Shanghai, Ne,
North Boocha Bóöde
693
-
·lf
the, tax becomes operative.
deus. They may be and no doubt are fall of enthusiasm and belief in themselves. No such elementary ilea as this sens But when they come to translate their en to appeal to the Treasury. The bureau cratic mind has never quite been able to thusiasm into hard facts and have to find. the people ready to back them with money, grasp the fact that Governments are sub they will be up against quite another project to economic laws every bit as much It not be business. My limited liability companies and indivi Bapathew are all with the young men dat Coveensients like everyone else am sure that the future of this country must conform to the rules. must be with them. But as the hond of an point in taxation bere, by its very weight, issuing house, should I now be approached its objects is defeated. I do not hesitate for with a suggestio
of a new business in a moment in saying that, in my opinion, this country, there can only be one answer should these proposals be carried, we shall that I can muke, Regretfully I must have passed that point, The goose will decline. The handicap is too great. bave ceased to las. the poor thing will
have been starved to death,
"A CARE IN POINT.
OCK ONLY BALVATION.
There in a
A
7.
Cuse to vígamers. She was the first German vessel to enter port unescorted or in charge
of war.
of a German skipper since the declaration. It was at this stage that her troubles believe, gave the skipper half-an-hour in which to lower the German flag otherwise and here certain conversation ensued. Ole young enthusiast on the wharf went bald- ly up to the bridge and warned the captain China," he said, is a peaceful that if the fog was not pulled down at nation, why not make her a buffer state once he would take on the job himself sad throw both it and the skipper into the between Japan and fadin.
The flag was lowered According to Dr. Ben Japur and Eng- muddy harbour. lan, being both island Powers, were Torthwith. The ship's papers, of cours bound ultimately to find their interests were subsequently produced and then
to Messrs. Alfred Holt & Co., and was conflict and Japan was even now trying shewed that the vessel was under charter to obtain control of the Chinese datural resources in coal, oil, iron and men bringing something like 200 tons of tobacco- that she could consolidate herself on the add ten from Sumatra for transhipment Asiatic continent and then there would be into Blue Funnel steamers at Singapore. That cargo was not discharged despite the no peace for England.
"Japan might control the Pacific, but that would be all." hazarded our repre- sentative
"The Power that controls the Pacific will control the world. replied Dr. Sus.
that thenced. Chepstow; ago? To be accurate, in 1914. And Here dependence."
estimated
WHAT CHINA MIGHT OFTER,
tabbying of the skipper to an acquain
he was told to clear and to End bis own tance of seven years ago. In nautical lingo Pilot to get his craft away. He eventually the shelfer--British shelter-of the mole
It will be interesting to hear what the Singapors Chamber of Commerce have to say about this incident, having due regard To the attitude adopted by the members at their meetings respecting Germans and
Of course there is no ordinance in opern German shipping entering the port. tion to prevent German ships from saliing. here, but it is laid down that no former
cleared and found accommodation within
It seems to me that this tax must insvit
Есопоти, ссалому, серпом can be the ably kill enterprise, the very life-blood of our astion.
I can give a very good only saivation. Try and put yourself back illustration of this point. The Northum into the mentality of ten short years ago, berland Shipbuilding Company, of which and imagine a department of Government I am a director, have only just lately pur- owning up to a mistake in estimate of chased the National Shipyard at Chepstow £100,000,000, in one year. Do you remem "Japan, in control of the Pacific, will be from a Government Department, on the ber how uneasy we all were when the year's able to colonize Australia, take Canada, understanding
Profits Tax Budget reached £200,000,000 not so long manage South Africa and give India in would be taken off or has no pre-war standard. The term of the we are confronted with one department contract call for a large annual payment and under these new proposals the yard showing just half this amount under
It may be that the. Shipping Asked if he thought an Anglo-Chinese will not be allowed to keep suficient of Control is bearing the brunt of expend Alliance should take the place of the its earnings to meet the charge. What.capture that as a matter of fact should have Anglo-Japanese, Dr. Bun pointed out that we do! As directors of a business concern, beea debited against other departments. for an offensive and defensive alliance enemy alien shall enter or remain in the responsible to our shareholders, cannot. But that does not alter the fact that the China might not have much to offer, though Colony until he has first obtained a per- ran the yard at a loss and, much as we country is £100,000,000 worse off in this with British support she could offer her mit signed by the Colonial Secretary. No should regret it, the only alternative seems respect alone than it had been given to
By her doubt someone was cute enough to oblat. to be that we may be forced to shut down understand was the case. It is nothing commerce and a quiet China and throw 1,500 men out of employment. short of fantastic. I suppose the rice of example she would tend to quieten India, the necessary documents to enable the I really comes to this, that this tax will debate were responsible for the fact that or at all events set her a good example skipper and his chief officer to call here. The Post Office circular issued at coon protect old-established firme against the in the House of Commons during the Re- and this, he pointed out, was no light We hope they will enjoy the privilege. competition of new enterprise.
Port stage discussion on this Tax not one matter, for the revolutionaries in India
says: The departure of the stenmer THE PUBLIC THE VICTIMS.
Authi has been indefinitely deferred Firms already in existence will meet the speaker referred to this aspect of the quer went to those in China for advice.!
tion.
But it will only be by incessant. situation in another way. They will put roiteration of the doctrine of economy, in up the cost of their products. No matter senson and out of season, that the official
And remember this, Mr. Chamberlain what it is that they produce, cotton, steel, mind may at last be ride to grasp the say nothing about earmarking this Ho woollens, they will meet the fact that they fact that by that and by that alone can £600,000,000 for debt redemption. have to pay so much more to the Treasury this country hope to weather the storms merely expresses a pious hope. But unless
day. by charging their customers so much more which are blowing up nearer every for whatever it may be that they manufacs The only alternative to this proposed public opinion forces members of the House They cannot be altruistic. They taxation you can have your capital levy of Commons to once more control expendi
The Japan Gazette says:-From the are responsible to their shareholders, and or war wealth tax, they are only varia tare, I doubt very much indeed whether a they must show profita. And the only way flous of the same theme-the only allera quarter of this amount will ever be used annual report of a certain. Insurance
for the purpose:
The Departments, the Company in Japan we extract the informa to show profits is by increasing production tive, to this proposed taxation is economy, Controls will get it. The orgy of spending tion that there was assigned in April this or by putting up prices. It easy to say thless economy in the Government Ser
will go on. Estimates will be found to be yeur, a "Special Bonus to Managing that the problem can be solved by increas vice. Cut down these absurd estimates,inat figures having no relation at til to ing production. I admit that if everyone And as Brst step towards that do sway anal costs. And the £500,000,000 will melt Directors of T. 1,500,000). There are was willing sad able to produce his maži- mum output for three hundred days, in the this all these controls that are strangling away to supplementary credits which will two Managing Directors in the Company.
mercantile
They are alto community
anywhere in the world a bonus Auch as gear, we might be able to meet the tua gother foreign to the individoaustic spirit be passed after half-an-hour's discussion It may be doubled, bether there was ever tion. But when the theorist talks gaily of this condiry... Ti
They are stifing every"
ery in an empty House,
this, and it is especially extraordinary of solving our troubles by increased pro- form of enterprise. No doubt they were
I am afraid, there is little or no chance when it is found that the total dividend duction be is ignorant of or forgets one necessary who we were at war, they were of these proposals of the Chancellor's being paid at this time dividend of forty all-important factor.
~| accepted then by the country of large as defeated.
& POÇOMATY Oviku.
w But we now have one
ture."
HUGE CREDIT. MEDDED.
*A VITAL ISSUE.
A RECORD BONUS.
A MILLION AND A HALF YEN TO
TWO DIRECTORS...
In order to produce, to make anything, more Wustration of that accepted fact become me in all probability. per cent., by the way consumed only whereby ons is able to buy. the raw material | compared with the Governmly and most certainly the mercantile entire profits of the company's year's
to rid
thinks the country gen Y. 3,000,000, so that actually half of the it is necessary to find financial credit that the olimpet is a mere child at
community, is very much disturbed by this operations was handed over to two men in Awful weight of taxation, But it takes the form of a boug required and carry it over until the finisir He won't let go. The only way
opinion. Let. Of course, it no outsider's business time to crystallise public el article can be sold, and the loan repald of him is to tear him away. I only pray look on this a spilt milBut let us how any Company may elect to dispose of In normal dizery anwar times this was an orthas before it is too late we may find a make up our minds that no more shall be its profits, but it would certainly seem to transaction. If the busi- statesman courageous enough to do the split. There must be an active campaign be to the interest of the entire, community, Bess was a good, sound one, there was no tearing.
for economy and de control. In po other including the Government, to realize the difficulty. The banks were ready and glad
way can we come down to earth. At pre
for
UNJUKŢIFIAKIM BURDEN.
to lend to any client so long as the enter- Personally I think that the Chancellor sent we are floating away far above solid: Profiteering, that has been going on in prise justified the loan. But to-day we are putting burden on this generation that ground. If only we are given a fair Japan and its nature, especially now when confronted with quite a different situa cannot possibly be justined. He budgets chance, if only we are allowed to rid qurbe natural reaction has come. The whole Lion. The banks have only us much money for ble repayment of debt amount selves of this millstone, I have not the public is the ultimate sufferer of excessive to land. Credits to only a certain amounting to holes than £2630,000,000 in two smallest doubt in my mind that this coth. profits, and how much in excess must have can be granted. And now owing to these people who have slayed and try has the greatest opportunity that any boon the rates that allow the distribution increased cost of the raw. conterial required, fought through ve shastly years of war country has ever had in history. Of of a bonus of Y1,600,000 to two oficials? After And this is the record of only one Japan- almost every busines in this or any other are now to be called on to pay such a sum course, we must be heavily taxed. country finds it necessary to sak its bank
a very much larger amount of credit as this. Just when we are beginning to such a struggle as we have had that cannot exe Company, Who can wonder at the
get busy again he impossa a burden that be avoided. All the more reason that very present alump than before. To take one case which is quite typical of all trade the increase in saltogether beyond our strength. When pering spent should be scrutinised and
stick man is recovering from a deadly scrutinised, again. the cost of raw cotton is such that many faces the doctor sloon ant suggest that be It.is no use treating this position as
A "Chow dor was recently flown to cottonmilis here to make financial should take a pint of bond from him. But academie, it only for professors of arrangements involving a sum nearly ten
plane, hea
sing, enquiries for times as great as they were in the habit that is what Mr. Chamberlain is doing.conomies. It la vital to every won, Parisia Fan Page mmmercial aero-
Instead of feeding up the patient and doing woman and child in this country, the transfer
r to the Con- of making for in 1914 And you" "DUBL" 14" evething posible to tent him the ployers and employed alike. And unless member the banks have only so much mone hrnce or pmposes to vivo him a good the majority of voters cen he made to finest, as nitrat-"shë istes the confinement: to lend. And so we are confronted wil
realise that fact we must inevitably drift in baskets ET this that owing to the enormondy Jin-
on to national bankruptcy. creased cost of raw material the banks elissie) at fint of gegi entunnil
bleedi
which rail and
steamship to vol inolves,
J
י