JOHN 1.
THORNYCROFT
AND CO. LTD.
SHIPBUILDERS" AND "ENGINEERS
London, Southampton xna Basingstoke
THE HONGKONG DAILY PHESS, TUESDAY,
PASSENGER AND CARGO VESSELS OF ALL TYPES UP TO 6,000 TONS OCEAN-GOING TUGS, MOTOR BOATS (BEA OR RIVER)
H UP TO 50 KNOTS. TUEBINES AND RECIPROCATING MACHINERY AND PROPELLERS.
MARINE AND STATIONARY OIL ENGINES 8 TO 20 B.LF.
MOTOR VEHICLES 2 TO 6 TONS.
WATER-TUBE BOILERS
FOS QUOTATION, AFTžym
ROBERT DOLGAS BUILDING,
SHANGHAI. -
EXCEPTIONAL VALUE IN
MEN'S PYJAMAS
Medium weight Ceylon Flannel is emart patterns. Cut yery full sad roomy to ensure perfect comfort in wear. Wash splendidly.
Per auit $8.00. 3 suits for $22.50.
Other qualition $9.50. $1150 per mit.
A PLEASING ASSORTMENT OF BATH ROBES,
Mackintosh
& CO., LTD JMen's Wear Specialists.
Des Yapy Road
Alexandra Bailding.
ICY-HOT
BOTTLE.
AUseful and Much Appreciatedl Present for All Occasions.
THE CHINA DISPENSARY
82 QUEEN'S ROAD C
TELEPHONE 0 2598.
YEE SANG FAT CO.
JUST RECEIVED
A Large Assortment of
WARDROBE and CABIN TRUNKS
SUIT CASES and TRAVELLING RUGS
"All at Reasonable Prices..
Latest Styles
WATER "PROOF
RAINCOATS
FOR
Gents Ladies" and "Children]
YEE SANG
SANG FAT 00.
ON'S
WING
SALE
Reductions
ON.
for 20 DAYS only
From
18th October to 6th Novembe
RECONSTRUCTION IN JAPAN. -A 10 per cent excise tax is charged
Bed Padure on silk goods, and the proposed rate is 20 per cent, while mixed and ligen goods are to be charged 15 per cent. Sake and other drinks containing aleahal below 3 degrees are to be taxed from Yar
SPORT
ORICKET:
1RC 2XL REV
Playing a home on Saturdays
the
to Y:35, with an additional Y 1.30 instead.C.econd string went down to the
SUB. GRIFFINS ARRIVE DRAWN FOR LASSTEVENING"
The 85 vauhdchipticongriffiûs which ar rived yesterday by thẻ m2 Cheong Shing from Tientsin were drawn for last even-
Royal Engineers-by 47 runs Batting ing at thewolker Gith suitbles in thờ of Y100, per degree above that level at the Indians ecapited 135, Madar presence of a number of racing enthu Beer is to have a rise of Y paying Y-20 and O. Ramjaha contributing 47 and 21 sinats including several ladies. The per koko Some eleven million yen is ex-and
The visitor, replet ponies are a better lot than those pected, to be obtained from this source runs respectively.
fresh tas is proposed on toilet articles, Sith 190 runs. The partnership of Red-received in the previous batch.” The draw 3:30 p.nu, but an industry which has greatly developed path and Gandy brought the scores from was timed to commenORUKE Exports, patent medicines and soaps in 50 to taz; the former only wanted 5 to common us may be left untouched. make the century, Middleton and Sirdar owing to the dark setting in early on it Others may have an ad valorem tax im- Kban basled well, far their respective was found impossibled to enter up the marking and colour of the ponies. This posed of 10 to 15 per cent, which will de
will be done when the eponies are mea bring a about six million yen Knitted and felt good, are another source of in-
súrode. The draw was carried out under come, promising about, three million y
the supervision of two of the fockey Club it export goods are exempted from tax.
Stewards -0- Hall Button,andi Non-alcoholic drinks may give over two million yen at the rate of 10 sen per koku.
Mr. Henry Humphreys), and the follby Finally, jewellery and the like are re-
ing is the result → commended as taxable objects. But the great feature in this class of propord taxation is a banquet tax, for which a minimum level is to be Exed. It is said that some of these impost, will be put forward for approval at the coming sion of the Diet.
YOKOHAMA TO BE GREATER THAN EVER Regarding the plans of the Tokyo Re construction Board, a Tokyo Prosa mes sage, sayt the Japas Chromacy, endea vours to dispel the fear of Yokohama traders that the restoration plan of the Central authorities will be hostile to the interests of Yokohama, at least so far as the reconstruction of Yokohama harbour is concerned. According to the inspired message, this lear is quite groundless, as the Tokyo authorities will carry out their plan with a view to making Yokohama as prosperous an before, or even more so. In consideration of the importance of foreign trade, in which Yokohama was the leading port of Japan, the Govern ment authorities are expected to recon- struct Yokohama at any cost, together with a plan for asking a port at Tokyo sooner or later. Some, the mesange Bays, seem to be anxious regarding the plan of a Tokyo harbour, a mimning or ab- sorbing Tokohama's interests to a great extent, but this is a groandless fear Harbour construction at Tokyo or at Tau- kijima (in Tokyo Bay) cannot be carried out on any larger scale than will provide port of call for ships up to 5,000 tons,
In view of the austerous items of now while Yokohama is to be restored to its former capacity, enabling vessels of 23,000 expenditure that the Government is co- tons to berth there. The estimated plied to undertake, the Finance Office cost of Tokyo harbour construction is has laid before the Ministry a further Y15,000,000 to Y30,000,000 for the reclaim retrenchment policy, asking each Depart- ing of 300,000 tsuba of land, and dredging ent to economise by 25 per cent., only to a depth of 4 to 25 feet. At present spending three quarters of the amount+Winter no concrete plan for restoring Yokohama budgeted for in the present fiscal year, harbour has been formed, hut this is while extraordinary expenditure will "be expected, the message suggests, to be reduced by every Department suspend-Bowled I no halt realised when the Tokyo reconstructioning untouched new enterprises, stopping
scheme, matures.
PLANS FOR RESTORING ХОКОНАМА
On the afternoon of the 4th instant a consultation was held at Yokohama by the local Trade Committee with regard to the reconstruction of Yokohama At this meeting the following six resolations were passed:
The Committee should ask the Gov erament to arrange for a speedy payment of more than 30 per cont. of the insured
amounts.
h-Hotels for the use of foreigners must be constructed.
Low Interest funds must be provided by the Government in order to restore Yokohania's foreign trade. A
d-Bankers must endeavour speedily to re-open exchange business with China
hilla. and the clearing of lust get the bank ers to provide facilities for borrowing business funds.
After these resolutions were pa ed; an' Enterprise Committee meeting was held From 4 p.m. the same day, at which re- solutions regarding the restoration of the Municipal fighting, tram-car service, health arrangements, etc., were passed.
KOBE HARBOUR WORKS AS AN EMERGENCY SCHEME.
DEPARTMENTAL.
ECONOMICS.
uncompleted works, and postponing fresh expenditure. It is calculated that the War Office, if it carries out these con- emies, will have to refund approximately Y.5.300.000 to the Finance Department. THE FOREIGN OFFICE BUDGET.
It is natural that the Foreign Office budget for the next fiscal year should be affected by the Government's policy of retrenchment. The Foreign Office- is, however, said to be determined to adhere to its programme in all projects of an urgent nature, and is now waiting for the compilation of an earthquake exti mate. Leading items in its lists for new enterprises and extensions for the next financial year are na follows
new Emi 1.The stablishment of a
Bureau (expenditure about ration Y.200,000).
-Expenditure for investigations `re- garding em graticu encouragement and protection (about Y.350,000).
3-The establishment of new consulates at Denver, Melbourne, Trieste, París, and other cities (about 2,000,000),
4.Expenditure for stationing commer cial commissioners at Harbin, Hong- kong and Hamburg (about Y180,000).
5. The promotion of the Legation in Spain to an Embassy (nhout: -100.000).- 6The establishment of a Legation in Denmark (about Y.100,000).
forth
These show an increase of some Y.2,500,000 over the current year's budget. of the above items, the Foreign Office regards ng most urgent the establishment of a Consulate General nt Melbourne, the establishment of an Emigration Burenin, migration encouragement, and commer
7-Expenditurs for the inquiry of can- In consideration of the fact that Kobeditions abroad (about Y,70,000), and so barbour will be compelled to do more business in place of Yokohama for some time. Mr. Morigaki, Chief of the Muni cipal Harbour Department, is quoted as follows: If the restoration of Yokohama barbour can be completed in two or three years there will be no need of Kobe hur riedly making arrangements to meet the extra demand arising through Yoko hama's destruction. Unlike land work, that at the waterfront generally takes much time, so that mucine works to the exent of Y5,000,000 are very difficult in Japan's prescut financial condition. Supposing this possible, however, and Yokohama barbour restoration requires Y10,000,000, the work there must take two years at least.
Kobe must expect to work for Yoke
cint commissioners,
DIFFICULTY OF CUTTING TOWN.
MILITARY EXPENDITURE
1 Hassan, e Ramery, b Middleton 13 M. P. Madare and b Middleton 47 D. Rumjaho Chippendall, b
Redpath
t Sirdag, Khan, Middleton
Chippendall,
O. Ramjaha,
Redpata
YA. Wahab, b Middleton J.S. Ackber, c Gandy, b Redpath E A Moosdeen, not out. « A H. M. Samy, Middleton A Kitchell, Middleton AA. Fattydad, b Middletos
Extras
Total
Bowling Analysis.
0, 31. B
*Redpath
18
2
10.42 38
Middleton
Bowled wides
11
ROYAL ENGINEERS Ramsay, Hassan, b Sirdar Khan 14 Redpath, b Sirdar Khan Hamblin, e Samy, by Kiteell Chippendall, Sirdar Khan Major Gandy, retired Brown, e and b Moodeer Smith, b Sirdar Khan... Mid Beten, h Sirdar Khan
Winter, e Sirdar Khan.. 5 Moos-
deen
Isaacs,, c D. Rumjaho, & Sirdar-
Khan
Goodman," not' out
Extras
Total'
:182
Bowling Analysis.
0.
Kitchell
3
:0·
Sirdar Khan
10.3 I
1
36
Q.
8
0
D. Rumjahn, *Hassan
Madar
Wabab 71coadeep
Bowled "no balls. -Bowled r`no ball.
RAW SILK. DAMAGE.
WHO BEARS THE, LOSSES↑
For some reason the exact amount of raw silk burnt in Yokohama is withheld from the public Spreuiations put it at
ything between fifty and sixty thou and bales, valued at as many million Whole to bear the losses hit, been per purposely undiscussed in view of the complication of interests. But the prob-
tem is not to be shirked any longer since the fire insurance problem hans (according
to the Jiji) resolved itself into figures,--
NAME OF DRAWER.
Xn of, pony
4Mr. J. N da Rocha.. 46-Mr B. Seth
30-Capt Hall. ⠀ 31-Messrs Laxe and Cox 16-Sir Paul Chater S 17-Me W. D. Goodfellow 98r Nemazca,“
13-Mr. D. G. M. Bernard 56-Mr Sadick. 15-Dr. Koyz,
33 Sir Paul Chater. 24-Mr. Nemazeo 40-Mr. F. M. Lor 30-Mr. Dyer
D-Mr. Dynasty. 48-Lady Severn. 33-Lady, Chader.ja 25-Mr. D. G. M. Bernard. 14-3n Hlýnasty.
a-International Bank 35-Mr. H.Seth. 34.-Mr. R. Basto. 43-Mr. R. M. Dyer.
4-Mr. S., C. Clayton.. 32-Sir Paul Chater. 1-r. Bagrum, sv 28. Hon Mr. A. G. Steph
2Mr. Lowbiggin..
33r. Dynasty... 3-Lady Severn.
50-Mr Warrack
44-Hor: Mrz-A. G. Stupãe 15.Harriman & Co..
11.Mr. Topside...
51 B. Basto.
18-Mr E Bouillon.
12-Mr. Bartholomew
52-Han. Mr. A. G., Stephen.
29-Mr. Bouillon.
47, Mr. M." Maas,
69.--Dr. Forsyth.
20-Mr. H. W. Sassoon. 41-Lady Severn.
27. S. C. Claytom.
54-Mr. A. E. Carroll
5. Mr. D. G. M. Bernards
60s. Bernard?
39-Mr. J. Bagram:
59-Mr. J. M. D: Remedion 18-Mr. Dyer.
63—Mr. Birkett
1-Me, H. Humphreya, #63.—Mr. J. M. D. Remedios
Mr. Birkett:
Lady Chater. Hosie & Cock...
Mr. Alvanton. 23-Mr. Alvanton. 21.-Dr. Kew 61-3 H. W. Sassoon
7-Mr. Nemazeë. 64. Mr. Topsille.
Mrs. Bernard. 53Warfoong. 57-Hosie & Cock
QUEEN'S, ROA
presume our contemporary means figures of speech and the restoration of Yokobama and her silk trade largely The military budget for 1924 fiscal depends upon the solution. The barat year had already been submitted to the good, falls under thres heads those in Finance Office before the earthquake. It transit from makers to dealers, those
The following bave been selected to ro is, however, to be re-estimated owing to warehoused by dealers, under the instruc the post-earthquake retrenchment policy,tion of bankers, and those soll and held present Queen' College in the above in which the Finance Office requests an by exporters. The first cins, is small in match on Wednesday on the Indian Bo-
LOANS.
INSURANCE PRO
PROBLEM.
THE GOVERNMENT'S GHAICE.
CANTON AS A FREE PORT.
-com-
hama for two years and this means an elimination of, 50 per cent. The grand quantity, and is plainly at the risk of creation Club ground 20 2:15. p.m. sharp increased efficiency on the Kobe water total required by the War Office is the maker, who may take up the matter front of 2,000,000 tons per year. Half of Y:20,000,000, including the ordinary ex-with the underwriter, while the losses in Mel Arculli (captain), A. H. this ɓgure may be covered by enlarging penditure of Y.180,000,000 and the extra the third must be borne by the exporter Madar, M. P. Mada, A. R. Minu, I. c. the existing arrangements. Mr. Mori ordinary expenditore of Y.22,000,000, who has bought them; but the second lot. gaki urges that the second instalment No change is to be effected in the is attended with a serious difficulty, and Fletcher, M. Shaban, N. Ali, E. P. Crast, of harbour construction, that is now former figura, since there has been no form, the bulk of the stocks. Technically, M. Hasino, S. A. R. Bux and O Rum slowly being carried out, should be done decrease in men and horses, but from the the person in whose keeping the goods john, more quickly by the Government at this latter figure 1.20,000,000 lins been car were placed is responsible for the damages, juncture. There is part of the construc-tail at the request of the Finance but practically, it is out of the question to get him to pay. The banker, who bes tion scheme that is more important and Office." more imminent than the rest and that FINANCE MINISTER AGAINST
advanced on them, will press for reim- bursement or fresh securities, while the
The threat by Dr. "Sun Yat-sen to turn must first he finished Chief among
shipper will refuse any sharo in the Canton into a free" port unless the Cus these is the reclamation at No. 9 pier.. The reclamation here will yield a spacious
Tas flotation of loans abroad is much matter. Reduced consignments to Yokotas release, their revenue to him suggests aren if six months good work is put into talked about in these daye. There are part of the dealers, is a good indication
hima despite the pathetic efforts on the a host of possibilities Leaving politient it. This therefore, ought to be taken in not a few firms and companies looking of the makers attitude to the problem. considerations and their inevitable hand
to foreign markets for the supply of This solution of the difficulty will take a comitant of finance on one side for the Secondly reclamation in Tyngo harbour rehabilitation funds The Indusicial, long time, and that is all that the Jiji time being, it can be appreciated that (part of the second harbour construction Hypothee and other special banks are is certain about. scheme) must be realised, but sectionaby, strongly interested in the scheme, far
such a move would increase the trado of to meet the present situation in the which a Government guarantee is needed. harbour. The completion of the whole. It is said that the Industrial Bank has
Caston to a very great extent and, the second harbour construction plan is to already approached the Finance Depart
prosperity of the city would attain to un- take seven years longer, but, if properly ment with detailed plans drawn up by
Now that it has been decided that the precedented heights. That need ant managed, Kobe will have a tolerably the bank. Bat Mr. Inouge, the Finance insurance companies shall pay earthquake large area of reclamation at the water Minister, is reported to be unfavourably claim, under the name of sacrifice, affect Hongkong, because ocean-going front two years from now. The Muni inclined to the importation of foreign the question resolves itself into the total steamers of large size cannot reach Can- cipality must prepare for the construction money, at least for the present. He is of payments and the scale on which the ton, and the British Colony would retain of vier sheds and various other buildings for self-dependence. Only when it is individual cases are to be dealt with its precent status no a distributing centre. without delay to meet the situation. Mr. found absolutely imporsible to tackle the Concerning this phase of the problem the Alorizaki is expected to publish a more situation unaided, will recourse be had Maames thinks that the companies should So far so good, but finnes is inseparabla detailed plan in the coarse of a week. to foreign capital The Finance Minister settle the matter in consultation with the front polities in China and there are two EARTHQUAKE, TAXES: NEW fears that hasty imports of money will authorities. If they are made to pay 10 ways in which the idea of a free port buoy up the Enance, markets to their own per cent. of the insured amount they might be defeated. Ono is that the fore IMPOSTS FORESHADOWED.
Fharm, and he will oppose the plan. If will be ruined. Nor is it practicable foreign and Chinese merchants night put There are a number of itim, of træation special banks have come to an under them to surrender their whole assets are so little trust in the stability of Dr. Sun Yet son's administrator that they would which will not have to be been site the coating, as they los presen, somos earthquake damage had dretroyed the matter of guarantee, the scheme will have ciple suggested by the Government. The objects taxed. But whilst the Govern to obtain the approval of the Diet. For stutter largely depends on how much the thing in the nature of a general order of
duties at. Shameen, fearing ment's revenue tha's declines, its expendi- some time to come flotations of loans Government will go sharea Supposing confiscation in the future, on goods ins ture "necessarily expands, owing to the abroad will be in abeyance,
10 per cent. is to be paid, all that the parted frea of tax The other is that needs of the situation, and the author- Mr. Inouyo, and the other patriotfo companie, can do without being ruined
itself the likin stations on its boundaries where they can let a little more blood.marks the Chronicle, do not seem quite Ifainichi confcctures that the Govern would discern • golden opportunity and The taxes forgone either compassionately to appreciate the fact that if they have ment will pay 4 per cent, so that the their exaquions would almost certainly or because it could not be helped, amount reconstruction they must have loans. Of companies may have four-tenths of their make up for the remifted duties. In to Y-100,000,000 roughly, and, in trying course, with a Government guarantee, aseta to go on with their business. Nonoh an event the idea of a free port to make this good, the Government's first the buying monopoly that is being formed early trosion is possible, as the consent, would Illusory The point of tha thought is to preach thrift which it is of firm with Government connections of the Diet is neccesary before the Glove whole thing is that Dr. Ben requires all has already done once this year without can get all the credit they want, and ornment can help.
the fands he can lay his hands on, and any great effect, says the Japan this will be equivalent to raising loans, All that the insurance companies ro oven tif he disapproval the latter expedi Chronicle. In order to make the adva with the sole difference that the Buying solution Feally amount to is that if they ent his unbordinates would probably put cacy of thrift more persuasive, it is pro-Monopoly will get immensely rich out of pay anything it will be in the nature of it into force for him. In any event the posed to penalize extravagance, special St, and the country will have to pay na derifice. It is extremely doubtful experiment that Dr. Bannid to com- taxes being imposed on silk fabrics and much higher price for everything, whether anything substantial will be template is fraught with special difficul alcoholic liquors to begin wit
(Continuta af foot of went column) realised at all,
tier and dangers-N Daily News,
iting are looking round to see how and gentlemen who are oppoeed to loans, re will be 6 per cent. Therefore the although is tariff was levied at Canton