JAVA-CHINA-JAPAN
JCJL
LIJN.
Tel
REGULAR FORTNIGHT SERVICE BETWres, JAVA, CHINA AND JAPAN.
FROM
GREIKING
WILL LEAVE
ON R
03 UR ABOUT
4LODT
ויוי ! 1 1
Yo*
THW HONGKONG DAILY PERSS, MONDAY, MAY 29TH, 1938,
TJISALAK TJIBODAS TJIKINI TJIMANDEK
UNITED STATES
JAVA
JAPAN
In part
3rd June
Sowen Cus
2th May
With May
cth June
11th June
BATAVIA
SHANGHAI & JAPAN
BATAVIA..
Wil TelegrapBY.
THE NATION'S FINANCE "MR. BALDWINS BUDGET.
sonal credit, if
His was a
OIL FUEL FOR THE NAVY
the
FUTURE OF PETROLEUM.
The of
the
FACING TAN DAUT.
Sir Oswyn A. R. Murray, speaking at the annual dinner of the Institution of Patroleum Mr. Baldwin brought in his first Budget Technologists held at the Connaught Rooms, on April 16th with marked increase of pure referred to the successful use of oil'fuel in thoroughly workmanlike performance is the Admimity in that irration showed,
heid, courage and vision was inastor of his subject and of his speach.
face of great obtueles. They were making He knew exactly what he meant to say, and, moreover, said it so that every one in the progres as much as financial provision would allow in the direction of storage of could follow him with fed, but stocks One of the chief rusons why courage Houso for he was not only extreurly extremely andible. He pronounced, indeed, and vision were nevel was the change very senten as if vew his supenne uninvolved by the subaritation of coal bunker heard distinctly in the farthest ing facilities which had been established at
uil installations. larg galleries. Mr. Baldwin unde no essay tu le Brest expense
Sir Frederick W. Black, who submitted! loyment,
except when he rainme hone ce, and
The Services," remarked that he had read hard the principles and finance, did so with an emphasis which seered to that the Navy was 45 per cent, oil burning suggest that some of his colleagues would before the war. Within a year after the war it was rapidly approaching 30 per have preferred a little less soundness and War
cent, and he had not the slightest doubt the a few more sopy.
day was coming when it would be 100 per cent.
ACCURATE FORECASTS.
which
by
the
INDO-CHINA
STEAM NAVIGATION COMPANY, LIMITEIN
SAILINGS SUBJECT TO ALTERATION. ·
BANGKOK vis SWATOW TSINGTAD via SWATOW
& SHANGHAI STRAFTS & CALCUTTA KOBE via MOJI
MANILA
via HOIBOW
J
SHANGHAI via SWATOW SHANGHAI SWATOW SANDAKAN
FBANGHAI via SWATOW... STRAITS & CALCUTTA CALCUTTA LINE
SHAKOHAJ
"CHARSANG "
...Turaday,
"TAISANG
Tuesday
'HORANG"
Lo
...
"LAISANG" "LEESANGTM "CHIPSHING"
YUSANG
29th May, Noon.
29th May, Noon. Wednesday, 30th May, 3pm. ...Friday,
1st June, Noon.
let Jano, Sa
lat June, Noor. 1st June, Noon. 1st June, 3 p.m. 5th June, 10 ani.
Friday,
...Friday,
Friday,
YUENSANG"
WINGFANG"
"
TUNGSHING Tuesday
3th June, Noon.
"MAUSANG"
Friday,
sth June, 1 pr.
"KWONGSANG"
Sunday,
10th June, 11am.
*LAISANG"
Monday,
18th Jure, 3 p.m.
Are
- Thie Lins afforda regular sailings to Calcutta, Penang spe Singapore; retaining from Calentia seamen proceed via Sarsit and Horghong to Jarab, occasionally calling ai Shanghai. All steamers have excellent passenger accommodation, Asted with Wireless and carry a fully-qualifed Surgeon. LIFE.-Sallings approximately every three days between Canton and Shanghai, cmetimes alling at Swatem, Through tickets can isaved ta be obtained and through Bill of Lading ace Northern and Yangtane Perts via Shangkal LINE – A ̧weekly service is maintained with Manila by väzenia with good
Passenger accommodation, sailings from both ports every Friday. LINH -Saflage approximately weekly let passengers and fearg
Calling at Hollow when inducement ofera LINE Fortrightly sailinge to and from Bandskap by twe 15,000 to
"EINPANG" and 2.4. *" MAUBANG" both steamers havir excellent passenger accommodation. Cargo itaken of through Bill of Lading for End Jerrelier. Labuan, Tanio and fabad Dary
run from March to eventer between LINEA regular service is
Hongkong and Tlentin, calling at Weibowel and Cheloo. BANGKOK LIKE –& weekly service le provided between Hengkerg and Bangkok, la Swatow, by éve namen Extrẻ with xp-no-dale panezgai accommodation
Engineer Vice-Adlaniraj K. B. Dixon, Few Budgets inv-dring as many changes in Engineer-in-Chief to the Navy, pouding, taxation have been sa accumtuly forecasted. Maussern & SozRADALA Mr. Baldwin had very few surprises for the said that neither the Navy nor the
nur the Air Service world move without House His nrplus of £36, concoo was
had
petroleum. Technologists could assist them MANILA anticipated. auntler than some, prophets
io
a large extent, and he should like
`HAIPHONG which will The sixpence of the incomo ta
assist in making cost £1300,000 this year nul £6,000,000 technologists to
BORNEO i full
year, was almost universally tipped standardisation of some of the lighter oils, in advanas So was the suction in the say kerosene, ou similar lines to the pro
paved standardisation of petroleum, will cable the prime lo be dow
that they could be sure the engines de pening a piar all signed to run to day with kerosene would round," though there was obvious surprise run atisfactorily with the fuel of when it was found the the ligewers are valy to contribute 4s, out of 24a, per barrel.morrow... Cheaper beer will cost £13,000, this
full $16,000) 1
year. year and The halving of the corporation tax from 1s. to Gl. ind alar been widely anticipated. A few protesting cries came from the Labour party when it was announcal that nothing was to come off tea, and spa
The Steamers are all fitted shaxnous with Electric Light and have socommo daton
All steamere carry a duly qualified surgoon formibod nam ber of saloon kussengaru, Cargo waken at through rates to all porta in Netherlands India and Axstralis.
For Paruculara ol Frekans sãa Passage apply to the
JAS A·CHINA-JAPAN LIJN.
1
LORD HALDANE
ON DEMOCRACY.
in an address delivered at Liverpool un April 14th, Viscount Haldane said he was
VEREENIGDE NEDERLANDSCHE Shame when Mr. Hahlwin said as if it were perfect. lies had lingor be
น
SCHEEPVAARTMAATSCH APPIJ
(United Netherlands Navigation Companyj
HOLLAND-OOST AZIE LIJN
(Holland-East Asia Line)
Members of the Straits, China and Japan Conference),
Regular monthly Service between
JAPAN PORTS, SHANGHAI, HONGKONG AND MANILA AMERICAN, ROTTERDAM, HAMBURG AND BREMEN
AND
Sailings, subject to alterations.
Arrivals from Europe.
8.5. "OLDEKRÉK
SS. "SALEIER"
8th June. 3rd July.
Sallings to Europe.
Steamers
"OUDERKERK" ... Amsterdam, Rottoriam, Hamburg & Bramer "OLDEKERK ... Rotterdam, Amsterdam. Hamburg & Bremen
For full particulare vicare «pply so-
Tork Building"
Balling on or
About
20th June. 15th July.
JAVA-CHINA-JAPAN LIJN.
General Agenta.
THOS. COOK & SON
STEAMSHIP
RAILWAY
INSURANCE
BANKERS.
FREIGHT AGENTS
Tickvis imzod, Letter of Credit & Circular Noden Inned and asked, "FAR EASTEEN TRAVELLERS GAZETTE" free on application.
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No 8. McsgUM ROAD. SHANGHAL
Member British Chamber of Commerca (Shanghai), Mr. T. W. BOWERN, Follow I the Institute of Chartered Shipbrokers, Incor porated by Royal Charter, Loudon,
STEAMSHIP AGENTS AND SHIPBROKERA. For the Purchase, Sals and Charter of Vessels of any Toastge, Passenger and/or Cargo, Now and/or Ok, with delivery China at Very Low Prices,
SALVAGE OFERATONS, MARINE SURVITORS AUCTIONEERS, COAL MERCHANTS, Fazer BoxERS, METAL MERCHANTS. Machinery For Bale, New and Old in First- Claas Condition.
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Catalugasa and Price-Lists on applestion
(Enquires Welcomed
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Cobas: Bentley's, Boott's, A.3.0.
5th Edition and Improved
THE NEW PALKON REMEDY.
THERAPION NO. 1 THERAPION NⱭ. 2 THERAPION NË 3
J. MAST OVEREEN. e. 3 tar Blood à
**E, BUTT, BEANE LEZZANG ZU REEVEER FLAKRIS
AGENTS for Hongkong
GA, PIXING BOAD,
and South China; 'DODWELL & CO. TELEPH. C. 1080.
+
LTD. 2. QUEEN'S BLD.
14
one of those who spoke of Democracy
level that the voice of the people the voice of find; but in war and in pears Deinocracy had the must staying power. It wanted ideas, however. Not capital
that he had decided, "with great reluctance, to put by the claims of sugar, But his, reasous won convincing. There is a world shortage of sugar;"if the duty were recent, the demand would increase, 40 13 bl
g the pries at one and the labour, but mind and intellig- consumer lose all breit. The sweetened created wealth and power. During table water duty congs down from 4. to his life he had seen all sorts of peoples, æd., so that female, apparently, will varying from the purest Democracy to score of soda water: and the trißing eider kingtoms and empires; and the results luty of . per galan is withdrawn, Mr. had made him no longer so much interest. Baldwin's pating week that he hoped ed in vicissitudes of parties as in the autistance to development of causes. The present unrest half-ironical; at was more than a question of wages or agriculture was evistout with good-housing; it was the question of the sehen any
postal
Eni. and of inequality, which should not be. huurssured laughter. Thus
wer particularly versities were national institutions, and telephone oncession grateful. The Loon of the peany post is they should work outside their own walld and the best of the postal and pour their influence over the countes is the cate from 9d for it, to B. These can
this would he
xtill
it
*** AUTO
change ation of the inland parcels } There was no reason why centres should
cossions will cost this year £34,150,000, and £47,250,000 next year-big money which, na Mr. Baldwin plainly linted, will manke further reductions still more difficult.
Unless, of courtill
"why
course, he can. End now revenue, and it was noteworthy how idud and general were the cheats which greeted his statement that he had been greatly attracted by a tax on betting," and that he saw no reason it should escape. Not wishing to prejudge the question, he proposed to ask the Hurst to act up a Select Committee to investigate the subject in all its aspects, especially it involved more than mere taxativu..
STEADY DEET REDUCTION.
So much for what is always the most interesting part of a Budget--es, that which deals with tax remission. The Chan- cellor would like to have done more, but he had gone to the utmost limit of his power without impairing the eredis of the nation. And the credit of the nation is evidently Mr. Baldwin's greatest care, All his re- thereto were on the strictest and ferences
He put by him as some
at much less thing not to be mokest seriously considered, the proposals urgod upon him in some queries to suspend the That is the way statutory sinking funds. to insolvency, be maid.
If a Chancellor rickled this Fear how could be be virtuous next year and retrace his steps? No, the debt has to be faced boldly and fearinly,
not be established where working men and women, after their day's work, equid receive courses of instruction.
Speaking at Cape Town. last month, General Smute insisted that our Com monwealth still had the position and the power to be the main bulwark of world The Langue of Nations was peace" devoid of power, and his view was that never in all its history had the British Empire bad a greater opportunity of doing a great human service, and he trusted that it would realise the greatness and glory of its peaceful mission,
+
of anemployment and to providing credit facilities for agriculture. By this means the money would have been left to fruesily in the country, instead of being swallowed up in the vast sea of debt. The funding of pensions, which would secare a saving of Cx4,000,000 a year, he proposed as means of securing further tax reductions.
Among the suggestions which Sir Alfred pit forward were the sweeping away 1 the Corporation profits tax altogether, reduction of income-tax by 18, differentintion in the
in
a trade
varned income.
rate of income tax on money left of or business, differentiation in the rat
tax
in the case
and he is resolved upon facing it. Great she insisted that the Chancellor of the
things have been done alrendy."
The external debt has been reduced in four year by $200,158,000.
The dollar det to Canada is virtually Dairi off
Our Hosting internal debt was redacod last year by £219,000,000,
Of debt repable this year £64,000,000 has been paid off, al £10-1,000,000 has been couverted into long-term debit at a lower interest.
The national debt stands at £7,57BLUORĄDOO Auf the effective reduction in the year has been £149,000.00.
Mr. Baldwin's policy is to go on sterlily paying the statatory $10,000,000 of sint- ing funds, which will increase to £35,000,000 and £50,000,000 su approximately qual to the yield of the elutios. He advocated of reducing a steady and recognised debt"
best for theindav
of the country. and pointed out that the service of the debt might "prove to be an intolerable hurden if the proper steps for dealing with it were not taken in time. This drew fecam de Lixour party, whe ironical choors "capital levy such occasions; but it
ceptuses
always murianr
almost seemed to incet with
universal AC Sa ulso did M. elovite re. Baldwin's declaration that "substantial r ductions of expenditure are essential," and bik
emphatic promise that he would do his best to see that further tenomies were made, Mr. Ramsay Macloud's criticisms took the customary line. According to him, the taxes on the
on the orking clases are the ren! hauling on tur. Remove And
these up, and teade will extinal all ruse On the reduction of income tax he was parti cularly atrastie, saying that of the dd. of re- duction not more wo
Id. will go towards the stimulation
trule, and thur Silence will in
devoted to
un this
WONG SIU-WOON Bir Aired Prical foras of luxury,
BOOTS, SHOES & SLIPPERS Fox LADIES, GENTS. & OHILDREN
BEST DESIGNS, FRIGES MODERATE.
11, POTTINGER ST. PROME 1474.
f:
that the Socialist lelor did not know much about true The sole word of which air: MacDonald had congratulation for the Chancellor of the Exchequer was on the subject of debt reduction. That he considers the highway to tax reduction.
A vigorous spach came from Sir Alfred Moud. He is not so much concerned with reducing debt 45 with reducing and stabilising taxation which
is so high that it cripples industry he adopt such floss of financial purity and produces uzgaployment. Nor could with regard to last year's surplus As were propounded by Mr. Baldwin. Instead, he argued that part of the windfall might wall have been devoted to the relief (Confinked on text oldum.X
Exchequer should not take account merely of what we owed abroad, but should also bear in mind what other countries owed us-Daily Telegraph.
TIKETHIN
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CALCUTTA
LINE
or about 5.S." " HOSANG" will be despatched on Wednesday, 30th May at 3 p.m., for BINGAPORE, PENANG
& CALCUTTA.
Through Bills of Lading issued to RANGOON, MADRAS, PORT SWETTENHAM and DUTCH EAST INDIES.
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GLEN
Versală
AND
GENERAL MANAGER.
SHIRE
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U.K.-STRAITS, CHINA & JAPAN SERVICE
OUTWARDS.
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"GLENIFFER"
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2nd July.
16th July.
BOMEWARDS.
Tessel ... Leaves B'kong. Dischargna * GLENARIFFE 15th May, Genos, Leader, Rotterdam and Hamburg. "OLENAMOY”
1st June, London, Botterdam and Hamburg. "GLEFAFF
1st July, Genoa, London, Rotterdam and Hamburg.
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For freight or farther, partimlər" zimae apply to:
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Telepeers Central No. 215 kob-ex, 18 and Cor?10) J998
The HONGKONG & WHAMPOA DOCK Co., Ltd.
TELEGRAPHIC ADDRESS: “MANIFESTO," HONGKONG.
Conse USED A1, A.B.C. Fifth Edition; Engineering: First and Second Edition;
Western Union and Watkins. .
Dock Owners, Ship Builders, Marine and Land Engineers, Boiler Makers,
Irop and Brass Founders, Forge Masters, Electricians.
Steel Twin Ocean-going Tug and Salvage Steamer
Henry Keswick
Built, engined and equipped complete by The Hoogkong & Whampoa Dock Co., Ltd., Hongkong for their own service, 1921. Length 165 E.P., Breadth 34 (m) Depth 17 (m) I.H.P. 2000. Fitted with electrically driven abmersible and centrifuged pumps, air compressor, wireless, searchlight and all modern appliances for Balvage Work.
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