O
N
Dozz w
N
WATSONS
NO
10
ALL
agree that the
best is the cheapest.
Tations EVERYBODY | Halions
Ide Rouch Ma
Drenice
agrees that Watson's is
n. Whisky
preserving the finest traditions of
THE HONGKONG DAILY PRENS, SATURDAY, MARCH 17TH, 1929
&
W
I N
Y
NO Hold this
T
E
جمعية سيادية
Hames Matronas
SCOTLAND'Susten
BEST
SOLE AGENTS.
Tel -838. ·
HUGO STINNES LINIEN
· Monthly Fruight and Panger Services between Japan, China, Hergkong, Manila and Straits and Hamburg and other North Continental Ports...
OUTWARD from Esmburg vis Ports of Cali
Steameri
Havekstain
Adok von Bayer
Hindenburg...
Albert Vogler
Tourage, dw):
12,950 tone-
9,000 tans 12,250
9,000 tons
Arrival
abeaf 19th March about end of April about and of May
HOMEWARD for Antwerp, Rotterdam and Hamburg
Tomigo,
Ludendorf.
· 13,250 tabs
Tai Legion:
Padőlf von Bayɛ
Hindenburg ...
"Albert--Wögler:
4,000 Lon 12,250 fora
9,000 f
12,954
י:
- 9,00% ins
Departure
about 21st March about 14th April about beginning of "Kay about beginning of Jans about beginning of July
Then steamers are fitted with all comfort for the convenience of about 50
first class Passengers.
REUTER, BROCKELMANN & CO.
AGENTS
26, Dea Yaux Boad Central.
Phone Central No. 478.
KONINKLYKE PAKETVAART
MAATSCHAPPY.
(Royal Packet NAVIGATION CO. OF BATAVIA}}
THE STRAMSHIF
“VAN||CLOON
will be despatched to
SINGAPORE & BELAWAN-DELI Dirert:
Ist Class! Fare to Bingapore ;--$10
TAXATION AND TRADE.“ DEPUTATION TO CHANCELLOR
An important deputation from the Asso- ciation of British Chamber of Commerce waited on the Chancellor of the Exchequer op February 7th, to present their viewa iu regard to
Bill. Sir Arthur Shirley
ALP
CHURCH
BERVICES,
St. John's Cathoxan, Hongkong—18th. March, 1923, 5th Sunday in Lout
Holy Communion (300 ant); Children's" Service (10); Hymne, 31, 3377 Matins (11 a m.); Hesponses, Ferial; Vita, naofarten (13); Pasima, £3 Hopkins: To
Troutbeck; Hymns, 192, 98; Preacher: The
coming Financaxation au thu forth- Deum, Woodward Smart. Turlo; Benedictos Lord Hishop of Victoria; Sabject The Mas
ND), Praim 27, verses 1, 3, 11, 12, 13, 24,
with
sage of Christ?
Ryman
MILES.
unison. 333, verse 4 in imiton. Hyson 06, Terats 1, 3, & i minison. Holy Communion (13 doon) Evensong - (6 p.) Roiponses, Ferial; Palma, 51 Felton: Magnifcal, Smart; Nang Diwitlis, Haraby Hymns 31, 107, 96 Preacher: Rev. M. hewell; Bubject: The Divine Law of Ex- dmoge
WE—Palm 31, Fortas 1,3 14,18 in tuison.
Hyman 31, varsen 1, 4. in unison, Hymn 107, verso 1, 4, 7 in unison, Hymn 98, verses 1, 8, 6 in unison
Etis
INDO CHINA
STEAM NAVIGATION_COMPANY, LIMITED.
SAILINGS SUBJECT TO ALTERATION. SHANGHAI via SWATOW
“LOKSANGV.İ Bunday, KOBE is YOKOHAMA
*FOOKSANG BANGKOK via SWATOW **TATSHING TSINGTAU via SWATOW
SHANGHAI
MAKSPAI via SWATOW.
TIENTSIN SANDAKAN
ANDHAI ris SWATOW HAIPHONG và HOLE OP MANILA...
KUBE
BANGKOK vis HOINOW...
STRAITS & CALCUTTA
STRAITS & CALCUTTA ...
day,
20th Mar, 10 m. 21st Mati, 10km. s1st Mar, Noom 21st Mar
Sand
8p. Mar, 10 &
$3rd Mar, 10 satire
Srd Mat
Monday,
18th Mar Nonn. 19th Mar Noon.
Tuesday,
20th Mar, 10 am.
INGSHING TURANG CHIPSHING
nesday,
HINNANG"
*HOPHANG
LEESANGTM
YUENSANG
LAISANG
CHUNSANG*
Saturday, Baturday,
24th Mar
14th Mar 10 sm.
KWATSANG
"FOORSANG
30th Mar Saturday 14th Apr. 3pm
pas
Fonsag
CALLUNYA LINK — 1hm Lize adirdə regular mailinge toll Calcutter,
Roach BHAIGHA) LINE
Benn introduced the dont of the association,
depntation........ Mr. Arthur Balfour, deputy president, presented the ease ons behalf of the to the association, and pointed out Chancellor that the rainciation represented 125 Chambers of Commeren, meintership of over 51,000, consisting of manufacturers, mercimats, bankers, ship owners and shipping interests, accountants members of the legul profession, professional men, and also traders of all kinds. Mr. Balfour dealt with the question of the burden of taxation, and on behalf of the association congratulated the Chancellor and his predecessors on having had the courage to apply absolutely sound principles to the financial policy of this
with the country, result that the pound sterling was dy UNION CHURON (Kennedy back to gold beats. At the same time he Sunday Barviom: March 19th pointed out to the Chancellor that taxation Morning Service at 11 o'clock. had now passed the elastic limit. The debaite Hymne: 377, 58; 787, 520, requests which the association made to the Evening Bervice at 9 o'clock. Chancellor he summarised as follows! First Fynimi: 274, 378, 588, 388, 389. that the corporation profits, tax should be Preacher at both Services-Rev. J. Kirk eliminated. It had been admitted, by two Maconsche previous Chancellors of the Exchequer to be Annual Collections for the London Mis- an unsatisfactory tax
and one which desit ionary Bociety. unfairly with one anction of the community. Friday 8.10 p.m.-Christian Endeavour.. It took full toll of profits and
Meeting and Sonial Hour. losses, and in many cases amounted to its in the pound on the total profits made it was Yery unfair to-Onlinary shareholders, and this connection the association would draw the attention of the Chancellor -10- the fact that the shareholding in some of the larger companies in this country only averages 1300 or £400 per shareholder. The second and
important request wa for Ho
some reduction: in- ixcome-tax, The necessity for
this was so well known that
all
it was not necessary to emphasise it any further Thirdly, the payment of super- tax on the gross and not on the net income WAS great hardship as it was taxation payable on money which the taxpayer „nover, received, and any alleviation. of super-tax which might be possible would be a wise step from the business point of vine, as it was froin the payers of super-tax as a whole that the fresh inflow of capital into business could be expected. The fourth point was the question of applying income-tax to co- the association
operative societies.,ecial attention of
desired to direct the
the Chancellor to the resolutions of the Royal Commission on the Income tax in connection with income-tax
1
[1589
MANILA
BAIPHONG
BORNEO
Singapore) pekarsing from Galente stamens proceed via Biraln
Horarong to Japan, osmionally sailing af Shaoghal, All Tama bar anuslant pamenger accommodation dited with Hertzlo Light uno -kor and carry a fully-qualifi
spray pay the days Detuber Cant and Shanghal, sometimes calling at be obtained and through maghal
Bm of Ladlog ned Seribers and You&tamentalsed with Landa by yatman, with you -LINE:----A weekly servion
Passenger accommodation, wailings from both port every Fridays LINE-Bality (approximately weekly toe aangerandoarge
Caulog at Helbow when indsogmană ofere
LINE Fortnight, de SINPANG" and na ""MAUBATIG" BÖSN steamers
alfines to and from Bandalan by two 5,000 –toxa
ex collon amonger demoda Mar, Carro taken through Bils of Lading for Audit Jemation, Labus, Tan and I had Esân -TIEFTAIN – LINK-A regular servion; in run from March to nevemper botwins -
A Hongking and Tenten, ealing að Welhaltired and Chiffon p LINH:-Amably kerist " provided Iniwana Hongkong azzi Bangkok,
"via" Bwntow." by Evo "übeaurorn filed with up-to-date paman sonorimodation.
FIEST CHURCH OF Chant SCIENTIAT MacDaniel Boud, Belonowa BANGKOK Tram Station-Sunday, 11.15 am. Wed
onday, 5.45 pan.
CEATHER REPORT.
1103
-31az. 16th at 12.05 —Pressure has increaseci considerably at Shanghai, moderately st Toochow and slightly from Formosa to Tenghing and over Luz
The antropolons Over Chian-bas-broken up and has been replaced by depressions over the Yangtze Valley and Tongting,
The monsoon will be interrupted along the
cosat of China and orër this China. Bes
*Hongkong rainfall for the 24 hours ending af 10 am, 18th Mar,, 0:00 inas,” Total since January 1st, 0.57 inches, against an average of 4.25 inches
The forecash for the 24 hours ending at noon, 17th Mar, is as follows:-
DISTRICT
FORECAUT S.E. or variable allowance Hongkong to Gap Rock winds, moderate; depreciation, and wasting assets, with of which they
they were in
overcast, ∙rainy foggy
rement In conclusion, bo
urged
the only hope of increased wealth to the country was profit from
our export
trade, and that Faroes Cheanol unless we could extend our export trade we could not hope to maintain, feed, and clothe our present population, The Baso- ciation felt that a substantial reduction in ination would be the greatest possible Fexrcouragement at the present moments
Martin pointed out the bad eumulative effect on trade dhe
Industry h direct taxation. On the rub- the very high direct ject of co-operative societies and laxation. |he expressed surprise that hithertò
the
måtter had been treated without the appreciation of its Ferion.mega Nearly the whole of the trading profits of these societies were exempted from the taxation which was imposed on the trade and industry. of the country, to the detriment of the revenne, to the disadvantage of the other tax
South coast of Chinabetween ("Thai - gummy, an
•*** Hongkong, andLamecks
Morihepato Chùa ba tiên The
Hobelcony and Bainan
HONGKONG WIDE TABLE.
Frode M 17th to 23rd. 1929.
*** HOE WATER.
Wook
Month
Kkorg
Standard
Time.
Height
Hang
Btandard
Time.
Height.
sore regarding the indifference of the 1 Parliament to this matter. Judging by the growth of the co-operative movement in the last ten years, the prospect of it still. greater development must be a matter of
Bat-17 m
18 mm 10 21
[65 ||m^4-91137
10 38
great concern to those who had to levy the Mon. 19 10 43 6 6 m 435 11 8 country's taxES.
The Chancellor of the Exchequer replied, Tues 2011
and promised to take the various re presentations into careful consideration.
THE WORLD'S TAXATION,
Some interesting figures from a report issued by the National Industrial Con ference Board relating to the increase in taxation in the United States ind other nations are quoted in The Index, the monthly organ of the New York Trust Company. From 103 to 1913, the report states, per capita taxation na
This vessel offers excellent cabin accommodation for saleen passenger tional, State, provincini, and local gov
Single and double ösbins. Wireless Telegraphy,
✅Får Freight-and-paisage apply to a
JAVA-CHINA-JAPAN LYM
Telephone Central No. 1574
Agents
W. S. BAILEY & CO., LTD.
SHIPBUILDERS, MARINE AND LAND ENGINEERS midara: of Vessels up to 1,500 Tons; Fast Steam Launches and Motor: Üralt of all kinds Toga, Barges, Oil Tankers, Idght-draft and River Steamare; Vessels. bult and shipped for re-proction abroad.
GAL-BIKED 200 BOAT “LOM”, BUILT BY WAR RAIZET & 00, KID'
ernment combined – increased from $18 to: 823 in the United States," from -321 to #27 in the United Kingdom, from #17 to $29 in France, from $10 to 819 in Italy, from 819 to $19 in Germany, and from $3 to $9 in Japan. With these figures are contrasted per capita tai tion at the end of the war, reduced to the pro-wariaternal", purchasing power basis, which was na fallows: United, States 632, United Kingdom-$49, Francel $9, Italy 88, Germany, $20, and Japan $4. In the year 1920-21 these figures had increased further to $41 In the United States, $40 in the United Kingdom, $16 in France, #8 in Italy, and #5 in Japan, the figure for Germany having fallen slightly to $18. It is estimated in the report that thecratia of total taxation in the United States has rison from 8.7 per cent in 1903 to 12.1 por cont, in 1919. and if per cent in 1921.
It pointed out that while Foders" axes in 1921 represented a reduction of 11.8 per cent from the total of 1019, the 1921 dollar bad, it is esti mated, a purchasing power of 28.9 per Dont, more than the dollar in 1919, and the Federal tax burden in 1821 was, therefore, actually 15 per cent higher than in 1919. In the six years precoding the war, it is estimated, total taxes and savings in the United States amounted to less than 2 per cont, of the national income In 1821 $12,500,000,000 was available for tates and fresh capital in vestments Of this 3,400,000,000 was aborbed by taxde, leaving $4,100,000,000 for capital reads, estimate $8,000,000,000 annually.
Boller Makers, Founders and Constructional Engineers and Repaliers pole, is to be offered for safo by bable Strawberry Hill, the home of Horace
auction next June
Wal. 21 m. 28.
Ther. 27 TE:51.
CALCUTTA
LINE
15.5. "KWAISANG" will be despatched on or about Friday, 30th March, at 3
for SINGAPORE, PENANG
& CALCUTTA.
Through Bills of Lading issued to RANGOON, MADRAS, PORT
SWETTENHAM and DUTCH EAST INDIES.
For Freight for Famage apply tönkuTM-
Jardine, Matheson & Co
Tweeticsx: Oantiaz No, '218.
GLEN
Venel
AND
Ltd.
GENERAL MANAGER.
SHIRE
JOINTI. KARTIOS of Brannen,
U.K.-STRAITS, CHINA & JAPAN SERVICE
OUTWARDS.
ENARIFFE EFOGLE "GLENAMOT'
Die Hongkong
26th Mar
9th Apr. 23rd April
BOMEWARDS.
Vaider Lowym Bong Tacharge
GLENSHANE' 10th Mar. Genom London, Antwerp Rotterdam& Hanbury, PEMBROKESHIRE " 10th April, Geros, London, Rotterdam & Hamburg,, GLENADE 20th April, London, HB, Rottenberry and Hamburg,
Movements are subject to change without notice. For freight or further partimler, zlease spply to
Jardine, Matheson & Co., Ltd., The Glen Line, Ltd, AGENTS,
Telephone: Central No. 215 mb-ex, and Centrsi 2896"
The HONGKONG & WHAMPOA DOCK Co., Ltd.
TELEGRAPHIC ADDRESS: "MANIFESTO," HONGKONG.
CODES USED AL, ABC. Fifth Edition Engineering: First and Second Edition:
Western Union and Watkins,
Dock Owners, Ship Builders, Marine and Land Engineers, Boiler Makers,
Iron and Brass Founders, Forge Masters, Electricians.
Steel Twin Ocean-going Tug and Salvage Steamer
"Henry
Keswick
Built, engined and equipped completo by The Hongkong & Whampoa Dock Co., Ltd., Hongkong for their town service, 1921 Length 165. E.P., Breadth 34 (m) Depth 17 (m) LE.P. 2000 Fitted with electrice submersible and centrifugal pumps, air compressor, wireless, searchlight and all modern appliances for Balvage Work Please address enquiries to the Chief Manager:
R. M. DYER, BSc, MINA, KOWLOON DOOR, HONGKONG,