THE HONGKONG DAILY PRESS, TUESDAY, OCTOBER 31ST 1982.
WORLD THEATRE
Hongkong's Most Modern and Coolest Picture Palace.
TO-DAY AND TO-MORROW
5.159.15
AN UNIVERSAL SPECIAL ATTRACTION
MONROE SALISBURY
in
THE SLEEPING LION
A Heart Interest Story for Old and Young
in 6 REELS.
UBUAL PRICES. BOOKING. AT. THE THEATRE,
•
W. S. BAILEY & CO.,
& CO., LTD.
SHIPBUILDERS, MARINE AND
LAND ENGINEERS.
Motor Craft, Lighters, Barges, River Steamers, Tugs, oil or steam driven.
TELEPHONES-Works K. 21. Manager K. 633.
SOUTH
STEAM LAUNCH FOR BALE.
MANCHURIA
MENACE, OF TRUSTS.
EFFECT OF MARK INFLATION.
GERMAN WAGES AND PRICES,
[FROM
THE TIMES", CORRESPONDENT]
BERLIN, September 18th. The German industrial, companies are hard at work in the process of adjusting their capital to the new, basis of the inflated mark currency.
A few days bences the great Phoenix Iron Corporation will meet to offer a fortber issue of thirty million marks [about £4,600 to bring its share capital up to three hundred million marks [£46,000]. The smaller corporations have been getting into the market with their prospectuses at top speed in the fear that late copters should find themselves stranded. All through the past week capital increases were appearing at the rate of thirty to forty million marks a day. Som the general demand is likely to come with a rush, and it is a question when the limit of the investing public will be reached.
|
INCOME TAX. ENGLAND'S PROPERTY CLAUSES.
Numerous property owners in England and Wales (excluding the administrative Country of London) have received--with Tomeinisgivings-forms in connection with the revaluation of their property for fixture income-tax purposes, "in"accordance with the provisions of the current Budget (rections 32 and 33 of the Finance Act, 1922).
This revaluation is ordinarily made every five years. In consequence of the war, however, the last assessment was in 1910 with the result in the official view, that property is not BOW assessed at ita representative value.
The Budget bas reduced the standard rate of income tax for the current your from da, to 3s in the £. and inconies under Schedules A and B, affected by the forth coming new valuation (from property in, and the occupation of land and houses), obtain this year the general relief under the reduction. Any taxon the basis of the new assessment must, of course, be authoris ed by the Budget for 1923-24. This year the tax is paid on the old assessment...
INDO-CHINA
STEAM NAVIGATION COMPANY, LIMITED.
BAILINGS, SUBJECT TO ALTERATION BANGKOK vis SWATOW
**DRUFAR“ · Tresday, TSINGTAU via SWATOY
SHANGHAI
́"KWONGSANG"...Thursday, HAIPHONG HOIHOW- TIENTSIN MANILA
TSINGTAU via SWATOW."
SHANGHAI BANGKOK A SWATO TSINGTAU SWATOW
SHANGHAI BANGKOK HOW STRAITS & CALCUTTA HAIPHONG VÀ HOIHOW SANADKAN TSINGTAU ris SWATOW
SHANGHAI STRAITS & CALCUTTA KOBE
A
***
"LEESANGTM ...Friday,
CHEONGSHING".Friday, "YUENSANG"...Foday.
"TINGSANG" Sunday, "OFILDAR ...Tuesday,
"HOPBANG" "CHUNSANG"
** HÖSANGTM
"MINGSANG".. MAUSANGTM
"FOOSHING
...Tuesday
31st Oct
Noon
2nd Nov, D.L 3rd Nov, 10.IL 3rd Nov. No 3rd Nor, the Sth Nor. 9 7th Nov., 10 am
7th Sor 5 p.
Wednesday, 8th Nov. 11 m
Thursday,
... Friday,
...Friday:
Sunday, FOOKSANG * Tuesday, "KUTSANG ...Thursday,
9th Nav., 3 pm. 10th Nov, 10
Noon.
10th Nov,
12th Nov, D.I
14th Nov., 3pm. 16th Nor, Noon.
PALUUTTA LINE-Thi Lian affords regalar sailings to Calestia, Penang and Singapore; returning from Calcutta steamers prosced via Saraita and Hongkong to Japan, occasionally calling si Shanghai. All steamers bays excellent passenger accommodation; "aze fitted with Electric Light and Fate and carry a fully-qualified Bergeon
But those concerned are wondering where the benefit of the ahilling reduction SHANGHAJ will come in, in the long run, if their taxable properly is to be declared of a higher value for next year's ' taxation purposes.
MANILA
The Klockner Trust, one of the largest Westphalian combines, has just issued its report, which throws a striking light upon the effect of inflation. The Trust is composed of six groups sugagel in coal-mining, iron smelting and foundering, steel production, and the manufacture of fron and steel products. After writing off
any are onehouse owner who have HAIPHONG large sums and placing other large sums purchased premises in the hope of fading to reserve, its undertakings altogether show refuge from the house famine, or have BORNEO more than double the profit made in found themselves disappointed owing to the previous jour Then they declare the Rent Act. Whatever the effect on dividends as follows:-Lothringer Mipes, their liability for property-tar in 1928-24, 30 per cent (16 per cent, in the previous | the surprises of a new valuation are not year): Hisper Iron and Steel Works, #contemplated without apprehension. per cent. (20 per cent.); Georg Marion Scotland is outside the revaluation area, Mines, 24 per cent. (14 per cent); likewise the Administrative County of BANGKO Dusseldorfer Iron and Wire Works, 17 London with "respect to which income tax per cent. (10 per cent.), and Königsboru and inhabited house duty are assessed in Mines, 30 per cent. (10 per cent.)
Recordance with the valuation lists made by the local rating authorities under The Valuation (Metropolis) Act, 1869.
|
LIB-Salling approximately every three days between Canton and
Shanghal, sometipes calling as Swadow. Through tickets ca be sbtained and through B of Lading
issned to Norbers and Fangiare Porta wis Shanghai
LINE Á veekly service is maintained with Manila by reseals with good LINK -Singe
partenger accommodation, sallings from both portevery Friday, o Approximately, weekly for passagers and 0s.rgo calling at Hollow when inducement offere LINE-Fortnightly saflings to and from Bandag by two 5,000 tomm steamers L. HINSANG” and ma, "MAJNANG" both steamers bavlor arrellest passenger accommodation. Cargo taken of through Bill of Lading for Eadat Joelton, Labuan, Tawan and Lalad Datu,
TIENTSINGLINE:--A regular service is ran from March to November between
Bongtong and Tientsin, calling så Wolbazwał and Chaine,
LINEA weekly service is provided between Hongfeng and Bangkok,
ha Bwatow, be five wearers sited with up-to-date passeng accommodation,!
Property conuers who think their sixess. CALOUTTA
wouts are too high, in this forthcoming valuation, may append to the General Com missioners of Ingome Tax
On the surface such dividends would seem too good to be true, but if looked ut in relation to the dollar or the pourd sterling they assume a very diferent appearance. A holder of one thousand shares of one thousand marks each in a concern that paid 16 per cent. last year received, with the pound at 230 marks, the equivalent in marks of about 2640. The sama shareholder receiving 30 pr cent.workman has to do with less. The stan with the pound at 6,500 is rec ving, the darl of living is lowered. It is likely to equivalent of about £45. Of course, its te lowered still further. spending value in Germany is much higher than £45, but it serves to give an indication
of the decline in the mark value.
To produce the same income at the current exchange it would be necessary for the companies to pay 416 per cent, or for the bolding to be facrewed to 18,970 shares at 1,000 marks.
*
GROWTH OF TOLATS. ►
One of the conserpeners has been a further extension of the trust system. The smaller companies have not the capital to hit their scheures "of production and are obliged to Borrow. It is then that they come up against the difficulties of RAILWAY obtaining advances from the bankers when there is a credit stringency. They are left with the alternative of going out of business or being absorbed by a trust.
OPERATING ALT LES SOUTH MANCUORIA AND CHOSEN (KOREA) EAST or Muxden.
SUMMER
HOLIDAY
RESORTS
3x
SOUTH MANCHURIA AND CHOSEN.
HOSHIGAURA-Finest Seaside Summer Holiday Resort in North China. Five miles from Daires, but connected with the city by special motor and carriage road and slectric tramway. Yamato Hotel (35 rooms) and 12 furnished bungalows in charming cliff garden. Bathing, Boating, Fishing, Golf, Tennis, Billiards, Orchestra 'twice a week. Capital place for children. OGONDAI-Most beautiful and select Seaside Resort in the Far East. Two miles from Port Arthur Formerly the Summer Resort of the high Russian officers and officials. Yamato Hotel and 30 vills and bungalows, mostly with detached servants quarters. Excellent Bathing, Wonderful Scenery, Historic Battlefields, Ruined and Dismantled Forts Miles fo charming Walks and Drives. Abundant Pienicing Facilities. Orchestra twice a week Best place for high-class families.
ARTHUR-Famons for its two memorabia Singes and its beautiful landlocked Harbour. Exactly one hour's journey Dairen by express train. Yamato Hotel (16 rocms), Suficient place of historical and scenic interest to fill a month with fresh walk or drive every day. Most healthy and salubrious spot in the Far East. KONGOSAN-The famous Diamond Mountain of Rares. A special Summer Resort rivalling Switzerland for climate and scenery. Beautiful peaks and charming cascades. Grand recuperative qualities. Kongoan Botel (10 mome) at Quseiri and Choanji Hotel (13,roome)ai Choenri
PORT
All under the rest management of the BOOTH MANCHURIA RAILWAY DO. -
Dimstrated Bookleta and all Information poet free on requəni.
Applications may be sent to the Hotel Managers as the various resorta or so
THE SUFERINTENDENT OF HOTELS, Trafio Department, Cable: Add, Manteven. ·EQUTE: MANCHURIA RAILWAY, Dairen. Code: A.E.C. 6th Ed., Ai & Liebert:
ASAHI BEER
SPEHALLY BREWED FOR EXPORT
DAI NIPPON BREWERY CO.
LIMITED.
TOKYO JAPAN
SOLE AGENT
MITSUI BUSSAN KAISHA LTD.
HONGKONG.
The result has been a good deal of
voluntary liquidation and an extension of the trust system. Some of the lesser combines suggest a picture of drunken men holding one another up inflation, seems to get into the head of the smaller | concerns and weaken its legs, much as alcohol affects those who cannot carry it. Others are quietly taken in tow by the big made use of. The powerful concerns tend trusts, given first aid, put in chains, and more and more to control others. The trusts are completing theniselves in other directions. They control their supplies of raw materials and plant; they are share- holders in the banks that finance them; they отв "the accessories and their transport, and often production of their enough they own or part own their com petitors, Trust stands opposite to trust, and in some cases a working agreement which constitutes them into a monopoly has already been arrived at.
Infation bas really put a new power into their hands the concession to print their own paper money. It is, of course, purely a temporary measure, and it is carly yet to say what its effects may be. The concession served its preful purpose in preventing riots at the time when the outiut of paper money was unable to keep pace with the rise in prices.
FLIGHT FROM THE VARI...
With the extension of the trusts and the increase of capital; there has come a gradual
abandonment of the mark. During the last
week several" combines sent out notices to 'the various branches and retail firms. announcing new conditions of trade, and decreeing that invoicing shall be in this or that currency. The wholesale Lat manu- facturers' combine has decided in favour of Dutch guilders, the wholesale milliners of Swiss francs. Both have given notice of curtailment of credit. Wholesale unber- daabers have instructed members of the combine to make their bargains and in- Foices on the basis that the dollar qusla one thousand marks, and to add a per- centage supplement in marks as the dollar rises. Thus, with dollars at fifteen hus-· dred marks, 50 per cent, is added to tha price of the goods.→
In the retail shops, during the period in which the dollar rate has doubled, the price charged bas-quadrupled and more, and changes are sometimes of daily and even hourly occurence. ??
The race goes on between the upward rosh of prices and the very deliberate, advance of wages. The Vorwärts has recently been making useful researches in workmen's budgets, comparing in quat tities bis purchasing power on this Septem ber's wages with his parchasing power on Inat Kay's wages. The net result shows that the, wages will not parchase the came quantity, and the inference is that the
(Continue on next column.)...
In settling the price to be paid for the grain deliveries under the Corn Subsidies Bill, the Government has made a band-: some present to the agrarians. It had no option. In Committee they calmly held. the country, to ransom, and threatened to withhold supplies unless the prices were fired to conform with an upward sliding scale, based on the index for the cost of living for August," September, and Octo be. The result will be a heary increase As brend is a kind in the cost of bread. of standard of measurement, other food. stuffs, notably potatoes, will follow.
has been doing business, she has been All this suggests that, though Germany doing it, from the national point of view, Labour bare had the plunder. on a fal-e basis. Neither the State nor. The popular supposition, is that the trusts have it personally concealed abroad.
When in doubt about your eyes
or your glasses
Consult
CHINESE OPTICAL CO.
Eye-sight Specialists. 67, QUEEN'S ROAD CENTRAL,
Hongkong.
0:0
The Streptococc
Beer which t
Sasa Terk
The Parles Ind
anga which cove
Actual phono-micropropos taken in the Lakerstory,
These are the cause of
SORE THROATS
Disease spreading germs swarm in the air in countless millions, always seeking to attack through the mouth and throat.
EVANS Pastilles
are the sire protection. They resist the germs of Influenza, Pacumonia, Diphtheria, Fever, etc., the first symptom of which is a sore throat.
Be wies in time and buy a box "to-day At the first sign of a sore throat take Evans' Pastilles..
Of all Chemists,
Kadh by Evans Some Laschen är Waba Lál, Landi
1.5.
14
LINE
despatched on or about
'HOSANG" will be Thursday, 9th Nov., at 3. p.m... for SINGAPORE, PENANG & CALCUTTA.
Through Bills of Lading issued to RANGOON, MADRAS, PORT SWETTENHAM and DUTCH EAST INDIES.
F Freight or Punge.apply to...
Jardine, Matheson & Co., Ltd.,
Tetermose: Central No. 15.
GLEN
GENERAL MANAGERF
AND
SHIRE
Joint Service of Steamers.
U.K.-STRAITS. CHINA & JAPAN SERVICE.
Vene), "GLENIFFER" "CARNARVONSHIR "GLENREG ”
Fossel
"GLENAFF". **GLENGARRY"
OUTWARDS,
HOMEWARDS.
Leaves Hongkong
Dua Hongkong. 21st November. 28th November.
With, Decomber,
Discharges
5th Nov, London, Antwane, Bottredam & HAMBURG ... 27th Nov, Gxs04, LONDON, Anzuär, ROTTERDAM & HAMITED,
Movement are subject to change without notice. For freight or further particular please apply to:-
Jardine. Matheson & Co., Ltd., The Glen Line, Ltd., AGENTS.
Telephone: Central No. 215 sub-ez. 23 and Central 3698,
[18
DRAGON MOTOR CAR CO., LTD.
5-passenger Dodge & Essex Touring fars:
RUNNING TIME.
WAITING TIME
$5.00 PER HOUR.
1.25. PER HOUR..
5-passe ger Essex Sedan (closed) Cars 1
RUNNING TIME....
WAITING TIME..
$6.00 PER HOUR.
1.50 PER HOUR.
7-passenger Chandler & Hudson Touring
RUNNING TIME.
WAITING TIME.
$7.00 PER HOUR.
1.75 PER HOUR
TELEPHONE:
Central 482 or 353-24, Des Vœux Road, Kowloon 226–26, Nathan Road,"
Dragon Motor Car Co., Ltd.