Page
THE
UNITED ASBESTOS ORIENTAL AGENCY, LTD.
Tel""Central 238-
SOLE AGENTS FOR
"PUDLO"
Makes Cement Waterproof
“FEUSOL”
The Immovable Fire Coment
3, Queen's "Buildings
ANCHOR BRAND PURE MANILA ROPE.
"THE CORDAGE YOU CAN TRUST,"
MARINE BUPE
ARANSMISSION
OF POWER BOPE
CABLE LAID
HAWSERS
·WELL DRILLING
CABLES
THE HONGKONG DAILY PRESS, FRIDAY, JULY 9TH, 1926
BRITISH NATIONAL INCOME.
EFFECT OF DEPRESSION.
FALL IN WAGES AND PROFITS,
How greatly the prolonged trade de pression has reduced the earning power of the nation is apparent from`s com- parison of the figures relating to the national income in recent years, given in the annual report of the Inland Ra. venue Commissioners. While in the seven years 1914-15 to 1920-91 the gross amount brought under review for in. come-tax purposes rose steadily from £1,238,313,397 to £3,477,058,068, in the succeeding years the total continuously declined, and in 1924-25 was estimated to amount to £2,000,000,000. The exclusion since 1929-23 of the Irish Free State affects the later figures only to a small axtent; the actual difference in that year amounted to £69,549,100.
The fluctuations in gross income since 1914-15 are shown below:-
1,238,313,397
TOTELS
1915-16
1,322,684,843
1910-17
1,689,724,028
ESTABLISHED 1854
1917-18
1,987;063,911
EUPES OF ALL
1918-10
2,445,655,311
1919-20
2,970,604,036
SIZES FOR ALL PURPOSES
1920-91
3,477,058,268
1921-09
3,214,823,695
1999-94
3,082,150,214
1993-94
3094-25
2,918,620,767 8,000,000,000
YNCHAUST
RODE
FACTORY
MANILA
MADE, FROM PURE MANILA HIRMP
-MANUFACTURED
BY THE MOST MODERN MACHINERY,
STOCKS ON HAND OF ALL SIZES] ENQUIRIES SOLICITED
FACTORIES—MANILA,
HONGKONG OFFICE:
KING'S BUILDING. TELEPHONE CINTA 8185.
A.F.B.
CITY HALL.
JULY 13th, 19th, and 21st. BRICK MORSE'S
CALIFORNIA COLLEGIANS
The World's Greatest College Entertainers.
10 piece Jazz Orchestra.
Male Chorus of 20 Voices
Instrumental and Vocal Soloists Snappy Novelty Acts.
Clever Comedy Artists.
Booking now open at Moutrie's.. Prices $3, $2 & 81,
LEE
GARDEN
[3740
The Big Amusement Park at East Point.
OPEN AIR BALLET
THREE NIGHTS ONLY.
TO-DAY
until
SUNDAY
9.15 Each Evening.
Prices: $1 and 60 cents (including admission to Grounds). Soldiers and Sailors: 60 cents to First Class Seats.
MURA SHIPOFF ART BALLET CO.
INCLUDING
The Incomparable Baby Pavlova Kaka (her brother and partner)
M. Geo. Surmi ('Cello Soloist)
Orchestra from Band of I/E Surrey's
(By kind permission of C.O.)
A Delightfal Evening's Entertainment in the Open Air. Weather Permitting
Trams run every few minutes.
Ring 0 2244
13767
* Estimate.
“MEMORIES.
The golden butter cups are here, The sun is shining through The weeping willow near the weig Where I did wait for you..
The stream is gently flowing through The meadow be the mill, Where so gladly walked with you When all was quiet and still.
The wooden bridge I cross again, And gare into the stream, Then wander down the Roman lane And hear the night owl scream.
The primroses are all asleep, Not waken at my trend, They do not know how long I weep- Or know that you are dead."
our faithful cocker at my heels Sniffa at the stile and sighs; I know the little beggar feels, I see it in his eyes.
•
And when the lark shall sing its song, and day is or the wane, I'll walk those loving haunts along And live my youth again.
C.-H. S.
WOOL MILLIONAIRES...
THE TEXTILE TRADE IN YORKSHIRE.
"Bogged in a morass from which it seems impossible to extricate it," was the description of the present situation of the cotton industry in the presidential t-address by Mr. F. W. Birchenough at the Cotton Spinners' Amalgamated Ope- ratives' Association annual meeting.
In 1924-95 exemptions and reductions, including incomes below the taxable limit, brought the estimated total down to 42,310,000,000, and from this year, had to be deducted £120,000,000 in respect of earned income allowance, and £830,000,000 on account of personal allowances. The estimated net taxable income was, there fore £1,340,000,000, producing a revenae of $265,000,000. This figure represents a yield of £4,910,000 per penty of tax, and an average effective rate por & of income of 28. 34d. The number of persons with incomes above the exemption limit was approximately 4,700,000 against 5,075.000 in 1829-23), and of these 2,300,000 were entirely relieved of tax by reason of Hence the abatements and allowances. number of actual taxpayers was approxi mately 2,400,000. ...
Further light is thrown on the effects of the boom conditions which followed the Armistice and of the subsequent slump by the detailed figures for the various in- come-tax schedules. Gross income from lands and houses, Government securities, aud Government, corporation, and public company salaries was higher in 1924-29 than in any year since 1914-15, but, in- -come-derived from businesses, profes
sions, and employments (including week- ly wages) and from farming operations has largely and for the most part con- sistently declined. Appended are the de tails in respect of the last-mentioned classce, of income from 1920-21 onwards, the figures for 1924-5 being estimates:
£
Farmers BusinMAKEN, Weekly Profits. Professions, &c. Wage carner 1920-91 ...98,950,000 1,441,319,733 944,789,597 1991-32...38,850,000 1,663,410,064 690,388,035 1922-23.61,200,000 1,318,601,428 380,690,881 1923-24.49,500,000 1,328,748,127 328,173,860. 1994-95.49,000,000 1,325,000,000 311,000,000 LESS FROM SUPER TAX.
At the General Federation of Trade Unions Mr. Dover said the financiers' speculative madness was strangling in- dustry, but Mr. Birchenough strongly criticised the last great lock-out in the woollen and textile industries, and al- eged for, the proportion of population there were more millionaires in Brad ford than elsewhere in the kingdom. Their millions were made out of raw manufactured wool.
EXCHANGE RATES.
(BATINE WIRELESS SERVICE.]
Paris Brussels Amsterdam Berlin
Copenhagen
Vienna Helsingfors. Lisbon Buenos Aires Shanghai Yokohama New York 'Geneva Milan
Stockholm
Oslo
Prerit. -Madrid
Rio
Bombay
Silver (spot) Silver (forward)
In the case of super-tax only estimates are available from 1920-21 onwards, but-Hongkong- here also a decrease is indicated. For 1923-24 the total of the incomes-assessed. is put at £304,088,884, and the number of persons chargeable, at 87,375, compared with £568,300,148 and 91,451 respectively. for 1921-22 The distribution of incomes iiable to super-tax in 1923-24, as zemessed at April 30th, 1925, is set out below:
Total Persons Not
Charge- Incomea Exceed-
able. "Assessed.
RUGBY, July 7th:
181
12.11 3/16
18.35 34.42 193
What's Sauce for the
Goose
should be Sance for the Gander
the Joke But Wifey does not quite see
YOU
WILL·
ENJOY
EVERY MOMENT
OF
LIGHT:
COMEDY
KISS
ME
OF THE
YEAR
AGAIN
SUCCESS
The who preferred Laughter to Lawyers.
LUBITSCH MASTERPIECE. AN ERNST
entertaining Story of a Husband
FRIDAY
SATURDAY
At 2:30,
QUEEN'S 6.16, 7.15
and 9.15.
The One British Film to date that has become Immortal
COMIN' THRO' THE RYE
with Alma Taylor
WITH A SPECIAL MUSICAL SETTING. AND AN AUGMENTED ORCHESTRA.
NO INCREASE IN PRICES.
TO-DAY & TO-MORROW,
At 5.15 and 9.15 p.m.
THE STAR
HONGKONG STOCK EXCHANGE Betler than a Letter
Do.
ING QUOTATIONS.
JOLY 8TH, 1990:
$1,100 bar.1,110- bel, 1,105/8-re. £182 sel, & sa. £204 bay.
Mercantile Baux, A. & Bij nom.
East Asia Bank sumig
.......13 BJEL
£34.bay.
$83. nom.
hom.
Bangbang Bank-
2.17/92 15. 12/89 2/11
·1/11
London... Chistered Bank......
"
Do.
4.66.13/32 20.114
F. & O. Bank
-141-15/16
18.13
92..13
104.
30.47
† 27/09 1/5.15/18
2/3 30 1718 301
Douglasee......
H.K, U. & M. Steinbonza
MORTGAGEE.
BY ORDER OF THE
PARTICULARS AND CONDITIONS
OF SALE
OF THI
·VALUABLE LEASEHOLD
PROPERTIES":
Canton Insurancs3540 Obins Und TSUNOLL" North China Lamance.... 145 nam Units Insurance 3 bay, 285 wa Yangtare Insurance 137 buy. China Fire Insurance
$200 buy.
Hongkong Nire Lusurance...365 buy,
Hongkong Tugs
Indo-Chinas (Fred.).
Da
(Det),
Shell Transports Litar Ferris Wsterboats.ser oblit Uhina Eugars uusis
MAKban bazars
Benguet Kalan Mining
Lengkate (combined) Do. (ingle) Shanghsalxderation Bhanghai Low
Bärbel
17.027 Bituste st VICTORIA in the Colony of Hong Tronoh
kour and known MA Noc 187– 7THIRD STREET,
Excced-
ing.
ing. £
2,000
2,500
2,500
3,000
40,690,245; 39,402,04414,301
20,877
*35000"
4,000
5,000
5,000
6,000
6,000
7,000
8,000
10,000
15,000
90,000
-35,000
25,000.
15,077,413 30,000
30,000
40,000
19,429,630
97415 5,062 .32,604,290
4,092 26,427,725 7,000
2,783 20,813,283 8,000
3,752 33,448,804 10,000
52,825,768 4,333 15,000
3,828 31,414,356 20,000
021 20,490,158
653 667
40,000
50,000
$3,287,
598
50,000
75,000 19,165,043
318
75,000 100,000 100,000,
9,070,120
105 174
Totals
that
92,074,798 504,006,854 · · · 27.375
To-BZ.BOLD BY
·PUBLIC AUCTION "
TUESDAY THE 13TH DAY OF JULY, 1926,
AT 3 O'CLOCK PH
AT THE
CHINA AUCTION ROOMS,
4, DUDUELL STREET, VICTORIA, HONGKONG,
HT
Armes
HK. & K. Wharfs
H.K. & W. Docks
Kongkowi
New Engineerings...
Shanghai ok....
$20 bay. $261 nom
120 bay.
* nom
f. nom..
„.91/- nom:
Boof nomi
$15 nom.
$241 bay.
$34 nom.
$ig nom.
41. nom.
11. 23 L
Tis. 12) bay.
Min. Bź Komu
„Tle. 7 nom.
135 selimme
60/- pont."
454 bay.
„Tia. 170 buy.
****** Tis, 5 bay... dialus bay.
HK & H. Hotels$10.95 buy..11/11.05
Hongkong leads.
Hongkong Healtys
1.K. Territoriala H.K. Developmanta... Humphreys Estates Prince's Buildings, Tenda Burak Kwo Lattons Orientale
Do
35 nom
Send Snapshots
to your friends.
You take the Photo,
We do the rest.
Photographic Supplies
the best quality.
MING YUEN STUDIO.
Battery Path
No. 14, TOP FLOOR, BEACONSFIELD ARCADE
Hovezana- & Brikomat Bank.
TELEPHONE No. 4310,
•for beat
(103
Welcome Visitor
#ut any
time in.
every
household. Every
8651 buy., 68 sa
$5.50 buy.
KRITIKA
15 cta, vol.
$143 bay. „190 sal
Bag, Flea, Beetle,
Moth, Fly, etc., diss
once it has come into
Tis, 270 nel Shanghai Cottons (old). The 63 bay.. Ta, 28 buy: „TL:10) bay.
164 buy.
7.00.nom.
Dow
Bingapore Tractions
(old)
..$7) nom..
14 nom. $13 nom.
Cantan ices
Ma, E. V. M. B. DE SOUZA, Auctioneer, The Properties consist of all those Pieces or Parcels of Ground situate at Vicron in the Colony of Hongkong and knows and registered in the Land Office as the REMAINING Of the total of 105,947 estates in Great PORTION or SECTION A or INLAND China Buses
Hongkong Tramways Britain liable to estate daty in 1994.25 TOT No. 683 the REMAINING PORTION as many as 28,205 did not exceed 2300 OF SECTION R OF INLAND LOT No: Peak Trains (old) gross value, 15,958 were of values between 689 AND SEOTION G OF INLAND LOT amount and £500, 25,754 more did No 683, together with the Erections and
A, 70, 704 Tams..... not exceed £1,000, and 96,855 were of Buildings thereon known as Now: 68,
Unexpired amounts between $1,000 and £5,000. A and 7 THIRD-STRELIL
The Properties are held for the the other end of the scale was one estate Residue of the Terms of Nine hundred and valued at over £3,000,000, seven were ninety-nine years, and Nine hundred and of amounts between $1,600,000, and ninety-nine years from the 25ta Jusa, 1861; £2,000,000, five were between £1,000,000 and the 25th NovEMEZA, 1881, respectively China Lights (combined) and £1,600,000, and seven between created by Two several Indentures of Crown £800,000 and £1,000,000. The net capital Lease dated respectively the 30th Nov. valse of all estates liable to duty was 1881, and the 20th JUSE, 1881, and made be China Provident,
Swoon HES LATE MATETT QUEEN VICTORIA Contractions £461,135,377,
of the one part and DELFINO NORONHA
Dairy Farms of the other part and Hex Late MAJESTY Der & Wings QUELE VIUTORIA of the one part and Hongkong Electrics CHOW A TUCK and CHUN A HANG Ectrics
H.K: Hopes (combined of the other part respectively.
Do
Mr. Thomas Prentice, of Symington, Lancashire, and West George Strest Glasgow, the Scottish shipowner end West Indian sugar merchant, left estate valued at £649,502, on which the estate duty will amount, to more than £180,000 The sum includes £496,457 in Wax LM and nearly £68,000 in bonded whisky. Mr. Prentice was chairman and mapag ing director of the Trinidad Estate Co Ltd. and was formerly president of the Glasgow Steamship Owners Association
Total Annual Crown Bent: $18,086 Total Arm: 2,888 Equare Feet.ya
For Further Particulars, Apply to
JOHNSON, STOKES & MASTUE,
Mertgiges's Bolicitors,
MR.
OR TO
MB DE BOUZA, Auctioneer,
1924
18733
Csilents.(combined).
Do
Laos Urawford Mackintos
Läsa)"
in
(old)
United Kabertos. Watroon (old) Wm. Forelle
proper contact wit
KEATING'S
#$id; nom.
$12 pom 46.05 bay.
BOARD OF CONSERVANCY WORKS OF KWANGTUNG.
Waterlevels (in Englih Fert) at 8 sm
Place of Observation.
1925
$18 bom.
DAFED
Shinking,
Tringynen,
·N, Riyar” "Kamahul, N, RIver Bheklang
Biver
410
28.7
273
33.1
July 7th
+ 8.4 48.B
60+918 +1224
+16.
$15.84 18 LKP pp. Engineer-in-Chief-