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HONGKONG;
THE HONGKONG DAILY PRESS, FRIDAY, APRIL 7TH, 1992.
DRASTIC CUTS IN NATIONAL
EXPENDITURE.
F181,000,000 LESS NEXT YEAR.
Out of the great host of figures laid
before the House of Commons, on March
IMPEDIMENTS TO TRADE,
MR RUNCIMAN AND THE INCOME-
TAX.
Mr. Walter Runciman, president of "the
National Federation of Trade Protection 1st by the Chancellor of the Exchequer, Societies, attended a luncheon of the West that which will please the taxpayer most Riding Trade Protection Association as is the promised £151.000.000 decrease in Leeds, on March ist, and spoke on trade the Estimates on the Supply Services for
and commerce. 1928-3, compared with the Estimates and Supplementary Estimates for the same
services in 1021-2. The gurea are:-
J921-2 1992-3
...... £663,000,000 484,000,000
Formerly, said Mr. Runciman, we our coal, but now we had it from tands bought our food from countries which took
which did not want our manufactured goods or coal. That was a prime reason for the condition of the foreign exchanges. Decrease £181,000,000
We had learnt that indemnities did not But it must not be forgotten that thers
make for good trade, and that neither will doubtless be Supplementary Estimates
State subsidies, eredits, or doles were next year, as there have been during the to us of the German ships struck the antidotes to poverty. The handing over ourrent financial year, though it is to be greatest blow at British industry. It was hoped they will not be as heavy. Never unmixed misfortune to shipbuilding theless, £161,000,000 is a fine round sum.France had had a most injurious effect centres. The German coal reparation to Ever Mr. Asquith said it was very satis-on our coal export, and it was doubtful factory, though he hastened to add that done us any good. State credits were of whather German payments in any form had he regarded it as a "formidable indict- no use, for they were provided out of taxes ment" of the Government's gross extra from financial houses, and could not do vagance,"
so much good as if the money were left He could not see any sign of pre-war to fructify the business houses themselves. activity being restored so long as railway rates were kept at their present bigh level. ment were high local rates and the In- (Cheers) Other impediments to improve- perial taxation, which whelming.
D
"
Sir Robert Horne was indulging the House of Commons with his promised brond survey of the Geddes Committee Report, and he spoke in considerable de- tail for the space of an hour and a half. He was able to show that the Government hut given their meat careful consideration
WIS
now over-
|
hald
AUCTIONS
G.
R1
PUBLIC AUCTION. setting by Public Anction Sale, to be DARTICULARS AND CONDITIONS of
of April, 1983, at 3 pm, at the Office of the MONDAY, the 10th day of Fabbie Work Department, by Order of His EXCELLENCE THE
GOVERNOR of one Lot of LAND at Aplichan in the Colony of Hongkong, for a term of 75 years,
Kiss, for eng further term of 75 years. with the option of renewal at a Crown Bent to be Red by the Surveyor of His MasKSIT THE
PARTICULARS OF THE LOT.
On the Yaw
#a, of Bal
Registry 20,
Locality,
Bendary Maneuromonie,
80 10
35
Upset
Jack feet.
1,0
[767
PUBLIO LUOTION,
R.
NOW READY.
THE DIRECTORY
FOR
וי'
AND CHRONICLE:
1922.
CHINA JAPAN, KORRA, INDO-CHINA, SIAM, STRAITS › SETTLEMENTS, MALAY STATII, . NETHERLANDS INDIA, PHILIP
PINES, BORNEO, Ex.
SIXTIETH
ANNUAL
ISSUE
containing
1,800 PAGES:
14 MAFSI
SPECIAL NEW MAP OF HONGKÒNG:
AND THE NEW TERRITORIES,
PRICK
Abridged Edition
812
11
THE DIRECTORY covers the notable even. ports and cities of the Far East, from Nether- India to Siberia, in which Europeana reside.
Not only is the Directory as full and complete in each case so it can be made, bat each Colo Fart or Settlement is prefaced by a DESCRIP which will serve as aconrate GUIDE 702 THY TION, carefully revised each year, most TOURIST, giving every detail in connection with
with facts concisely set ent, and containing. The Information in these Descriptions, consist ing of a hundred interesting articles, packed atatistics of the TRADE of each Country and port, would alone suffice to fill a large volume.
to the Committee's recommendations; that Mr. Runcimab, produces Bfty millicus of Que shilling ou income-tax, proceeded they had gone as far as they felt justified į revenue, which is handed over to great Colony of Rongkong, for a term of 75' 3 the places, their History, Topography, etc.
days,
:
PARTICULARS OF THE LOT.
Boundary MeasuTEMOMILE,
Bestrati
Upart Price.
PARTICULARS AND CONDITIONS of be held on MONDAY, the 10th day of the letting by Public Auction Sale, to April 1913, at 1 p.m., at the Offices of the Public Works Department, by Order of His CROWN LAND at Chen ng Sha Wan in the EXCELLENT THE GOVERNOR of one Lot of in accepting them, and that they were spending departments: I believe I am not commencing from 1st July 1899 ready to go on and do still mure. Where exaggerating when I say that to knock the option of renewal sta CROWN RENT » the Departments had suggested that redue off the income-tax would diminish the Tas Kino, for one farther term of 24 less
be fred by the Surveyor of HIS MAIZSET tions should be effected in other ways than necessity for any State credit, provide a those indicated by the Conaittee, the turnover for greater than could otherwise Government naturally gave the Depart be obtained, and make the taxable cap ments' plan the preference, but in almost ability of the country so much larger that all cases they bad tried to approximate a 5. income-tax might actually bring in to the Committee's total"
To what extent have they succeeded? We must, he concluded,
more revenue than G tax. (Cheers.) The Chancellor said that in asking the wards re-opening the closed channels of a our eyes to Committee suggest reductions of commerce and freely buy from and sell to £100,000,000 he had had a good margin Central Europe. The individual should in view,' They actually suggested cuts be encouraged everywhere to exercise his of £86,000,000, exclusive of any cuts made spirit of enterprise and adventure. possible by the Washington Conference. too easily got into the way of imagining But only £71,000,000 were directly speci- it was a matter between State and State. fed, and the other £15,000,000 were left It was nothing of the kind. without even the most ahadowy outline. Governments were concerned, he would So far as The Government accept cuta of £33,000,000, to them all alike: "Sweep away every or $64,000,000 (including the cuts due to obstacle of your own making; and, having the Washington Conference), and that done that, leave as alone." (Cheers.) really leaves a difference of £18,000,000 between the ipecified Geddes proposals and the Government scheme. Aud of: these £18,000,000 no fewer thau 212,000,000 relate to the Government's rejection of the main education curs, so that the real dif ference amounts to £6,000,000. Or. ia tabular form:
to
"
Suggested Geddes cut.....
£$6,000,000 £71,000,000 £33.000,000
Specified Geddes cut
Government cuts
ington cuts
04.000,000
...
Government cuts with Wash-
Departments original cuts..£75,000,000 Cuts realisable in 1929-3...£54,000,000
tion
TEACHERS SALARIES' UNTOUCHED.
on
SOVIET BRIBERY.
SUBSIDISED NEWSPAPERS.
We
No. of Bales
New Exuloon faland | Regialty 20.
ogality.
L
T.
"Cheung fest foot. I
Sh
Wan
Aa por mais play,
About
45,000 208,750
G...
PUBLIC AUCTION.
1000
[768
The Book is printed from New Type specially reserved for the purpose, and uniformity in
every arrangem greatly facilitates reference. Besides the usual Alphabetics! List of Firma the Directory gives the CLASSIFIED LISTS- of TRADES and PROFESSIONS at the larger Commercial Centres.
The
"
ALPHABETICAL LIST of RESIDENTS is.. the Far East contains the names of over 20,000 FOREIGNERS, arranged, with the Initials as well as the Sur- names, in strictly Aphabetical Order, so that any name can be found instantly."
THE MAPS AND PLANS
of the principal ports of the Far East have been angraved by one of the most eminent Firms la Great Britain and are annually corrected and
brought up to date.
Chambers of Commerce,
It has long been known that, though PARTICULARS AND CONDITIONS of people were dying of hunger in Russia, held the letting by Public Auction Bala, to be
The CHRONICLE covers the notable events. the Bolshevik chiefs were spending large on HONDAY, the 10th day of together with the Texts of all the most import sas of money in subsidising newspapers, 102, str. at the Offices of the on Treaties constaded with the countries of abroad. These subventions are said to Pahls Works Department, by order of Ers astern Asia, the varions Customs Tarifla
Scales of
Hongkong Stamps Duties, Signal Weights and Messurse Codes, Chinese Festivals, Tables of Money, mercial Information.
It is published at the Office of the "HONG- KONG DAILY PEEIS:"
be paid by the Third, Internationala ExczNCY THE GOVERNOR of ons Lot/Trade Region, Consular and Court
PARTICULARS OF THE LOT.
the body which, under the guidance off CROWN LAND at "Pokfulam in Zipoxic, exists for the purpose of ob the Colony of Hongkong, for term of 75 taining the affiliation of all Socialist and Bent to be fixed by the Surveyor of His years with the option of renewal at a Crown trade union organisations and thus give MAJESTY THE KING, for one further term of to action and promoting revolutions. it the power of calling the proletariats 75 years. The Pravo Lidu, a Socialist journal published in Prague, gives information, which it declares it has obtained from sure source, as to the number of tious to which subventions are paid by publica. the Third Internationale. They number 298-including forty-two in Germany, twenty-eight in Italy, twenty in Czecho- Slovakia, nineteen, in Jugo Slavin, thir- teen in England, und twelve in France.
As has been said, the Government have rejected the main cuts proposed in the education estimates. The Chancellor dealt with this first of all, and his announce mont was greeted with cheers and evident relief in all parts of the House, though the cheers were most unanimous
the Opposition benches. Sir Robert's explana was that to touch the teachers' salaries would be a breach of contract," and that to raise the school age to six would injure the heroes of the children and gravely affect the well-being the children themselves. The Committee's proposed education eut" of £18,000,000 has substantial, the estimates for the next year..
The Air Force reduction is to be very thus been reduced to £6.800,000, two mil-being lions of which the teachers will be asked £10,500,000. As for the Committee's pro-
reduced from £18,500,000 to find in the shape of contributions; posal to save expenditure by constituting amounting to 5 per cent of their salaries a single Ministry Defence the Chan-
to
to their superannuation fund, which was cellor said that the Government had no originally formed on a non-contributing recommendation to lay before the House. basis when their salaries were very low. It was obviously a matter calling for the The size of the classes is to be increased most careful investigation.
as far as practicable "-obviously
proviso.
wide
THE FIGHTING SERVICES.“ The House also listened, with great attention to the Chancellor's statement) with respect to the cuts in the Fighting Services. The figures for the Navy were:-
Total Geddes cuts (exclusive
of Washington and oil)...$21,000,000 Specified Geddes cuts £14,000,000 Admiralty cuts (including
Washington and oil) £21,000,000 In the matter of Navy, personnel, which now stands at 1922.700, the Committee sug- gested a reduction to 88,000, and the Ad- miralty to 191,600. However, the Ad- miralty have consented to reduce to 98,000, and the Government say that they cannot insist on going below that figure. Before the war Laval personnel stood at 151,000, and even to-day the American figure is 120,000. It is only the Conference which has made this reduction possible.
The Army &gures were equally strik- jing:-
Total Geddes cuts £20,000,000
(or £22,500,000, including the Middle] East).
ALL ROUND REDUCTIONS.
We may deal more briefly with the other departments:-
Specified Geddes cute ......£15,500,000 War Office cuts £17,000,000 The Committee suggested a reduction of " 30,000 men, the War Office of 33,000, and this on an Army which numbers 152,800 to-day compared with 172,800 in 1914. Sir Robert Horns made no small stir when he explained exactly what this reduction of numbers means. It means that instead; of having six divisions ready to act as an expeditionary force there would now only be two ready to take the field in the first month after the emergency arose, and the third, Tourth, and fifth divisions would "take some time to get together." The Chancellor said that the Government, in face of these facts, could not recommend any furher reduction,
"(Continued at" foot of next column.)
Ministry of Labour. Reduction by the Department itself from
£22,000,000 to £11,000,000.
Ilth and Unemployment insurance to
be amalgamated.
Ministry of Health. Geddes cut of £2,100,000 accepted. Restrictions on sale of the houses built
by the Ministry to be removed. Increase of Health Insurance by id. per
werk from July 1st.
Ministry of Pensions.
Department's own reduction of £6,000,000
in cost of administration.
No reduction of pensions.
Trade and Other Departments.
Government accept cuts of £495,000 out
"of £38,000 proposed. Ministry of Transport to be transferred to Board of Trade or some other Department.
Overseas Trade, Department will prob ably be preserved in deference to wishes of business community and the Dominions.
Department of Mines to be made in
integral part of the Board of Trade. Forestry Departmnat's fate to be farther
considered. Agricultural cuts of £842,000 accepted
out of £855.000. No reduction in! grants for horse-breeding, provision for animal diseases, and educational research. Police
and prisons.-Reductions of £1,063,000 accepted out of £1,595,000, in police allowances ba, not in pay. Women police to be don. away with, Colonial Office-Reduction of £3,000,000
on the Middle East.
Post Office-Beduction of £2,500,000.--
Daily Telegraph.
Registry No
Locality..
At the Path from
On
Boundary Measurements.
Upach Price,
and other Com
The Directorica and Descriptions
Chinwangtze
Са
Soochow
Chinkang
are of
Canton Whampoa Loppe
Nanking Kowloon
Waku
Kewhiang Hankow Yochow
Shamani
Kongmoon Nanning
Peking
Tientsin
Pritaiko
K.
FL
Taka
foot, feet, fent. foot.
About
13,000 44 1,548
Manchurian
Trade Cires Shasi
Wachowfa
kr per sale p'an.
Port Arthur
Hoihow
[769
Cheloo
Weihaiwei
Langchow
Tinaufa
Mengtse
Szemao
R.
Shanghai Harbin Swatow Lungchingchme
Amoy
Kirin
7
Langkow
Tokyo Yokohama
"
PUBLIO AUCTION. DARTICULARS AND CONDITIONS of PARTICULA Public Auction Bale, to be hald
MONDAY, the 10th day of Art, 1923 at 3 pm, at the Offices of the Public Works Department, by Order of He EXCELLEST THE GOVERNOR of ons Lot of CROWN Colony of Hongkong, for a term of 75 years LAND on New Road from Wanohai Gsp to Magazine Gap in the with the option of renewal at a Crown Bent to be fixed by the Surveyor of His MAIESTS THE KING, for one further term of 75 years,>
PARTICULARS OF THÉ LUT.
No of Sale,
on the New Hoad to N2, 193
Registry No
Near Beral T
Bocndary Measurements
"
Love. Leak Lant.
જરા શા
Makden
Kobe
Santuso Foochow
JAPAN & FORMOSL
Hokow
Tengyuea Changchan Hunchan
-Osaka
Moji
Hakodata
Kehung'
Tainata
Nagasaki
Takow Anping
Shimunoseki
Tanzui
FATZEN SINFUL
Nicolafovak CHOSEN (Korea), “
Tonsan
Chemulpo
Fuxan
Pingrang
Mokpo Chinaamapo Bongchin
=}
Vladivostock
Seoul
Kunsan
HOXOXONG AND its Dzizsdancies," Macao,
Hanoi
FRENCH INDO-CHINA-
Haiphong
Quinhou Annam
Tonkin
Provinces
Ene
Tours Saigon Cambodge
100
100
6,000
F
Manila
PHILIPPINES,
Bolo
Cebu
Sarawak
BORNEO. Brandi
Labran
British North Borneo
[770
BANGKOK
MAZAT STATES
Perak
Belanger
Palang
Negri Sembilan Johore Kelantan
Kedah
Trengganu Perlis
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LL preliminary mo
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"