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THE HONG KONG DAILY PRESS, FRIDAY, JANUARY 28th, 1927.
ENGLAND'S FINANCIAL POSITION.
THE VOYAGE OF
YOUR DREAMS."
CRUISE OF THE S.S. * RESOLUTE.
SUPER-TOURIST SHIP: DUE HERE IN MARCH.
ONLY THE BEST FOR HER
PASSENGERS.
In an interesting booklet which wo have received gives full details of the around-the-world orais of the Hamburg-American Lino L Resolute, which is due at Hong Kong on March 27th
The booklet practically sum marises the cruise as "the voyage of your dreama.”. The journey o0- cupies 138 days and the ship visit 25 countries and 37 porta. Tours of. 59 cities have been arranged and 500 miles on land and sea will be traversed.
This is the fourth cruise of the Resolute, and she set out on it from New York on January 8th. She is described as "The Queen' of Cruis- ing Ships."
Thers are about 100 tourists on board, who will stay here three daya," carrying out the usual pro- gramme of sight-seeing. Sevural well-known people are on board, but details concerning passengers, who are mostly wealthy Americana, are not yet available Mr. G. F. Bourne, of the Tourist Department, Hong Kong and Shanghai Botal, in the local agents and the cruias director is Mr. Emil Winkler, and Mr. Percy Stone is the publicity
The Best Places Visited.
The itinerary of this, "the Cruise Extraordinary of 1829-97," embraces all the Oriental ports and cities of all the other warld cruises, and adds for good measure, Siam, Borneo and Formosa
|.
DEFICIT OF £146,000,000 ON NINE MONTHS.
COST OF THE COAL STRIKE.
Mr. Churchill's first Budget re- Excise shows an increase of corded deficit of £14,038,000, his £307,000 in the nine months, but this is unsatisfactory when it is second Budget, now in working remembered that excise was expect operation, is fairly certain to showed to increase by £7,000,000 in ther a still greater deficit when the finan- cial year coines to an end on March 31st next
months period, April 1st to Decem Treasury figures for the nine
ber 31st, were issued recently. This is the dismal tale they tell,- Expenditure £625,450,000; inc.
£1,803,921 Revenue ... 472,090,583; dec.
90,658,363
Deficit £146,430,048
out of the reckoning, this is the Leaving the war year 1914-1919 heaviest deficit that has ever been recorded in the nine months period Churchill has been unlucky in see of any British financial year. Mr.
ing a new peace-time record eatab lished during his chancellorship, The current deficit is £29,552,284 worse than at the same date a year ago.
Eavenue Stamp.
The nause becomes apparent on ́s Budget estimates. Expenditure is comparison being made, with the only slightly above the standard set by the Budget. The real cause is the heavy drop in the revenue
The actual yield of revenge is far below the expectations of tha Budget, and the chief offenders are income tax and the exciso duties.
Revenue was expected to produce £12,688,000 more in the 12 months of 1926-27 than in 1925-28, the yield far nine months is £20,668,353 less than in the corresponding period of 1925-25.
19 months.
Super-tax and stamps are two other items of revenue which are not doing particularly well.
Inability To Fay.
These figures suggest that the trade dificulties of the past months have seriously hindered the colles- tion of income-tax, through in- and that less money ability to pay has been spent by the general com munity on some of the things
that come within the scope of the excise duties--beer, entertainments, etc.
The only item of revenue which shows any sign of prosperity is the miscellaneous
ordinary re-
duce £3,251,000 more in 1926-27 than It was estimated to pro- in 1925-28, but in the nine months period it has improved upon the previous year'ı · standard to the extent of £11,000,000,
year
If, as seems inevitable, the Anan cial
ends with a heavy deficit next March, the accounts will be was Mr. Churchill's hope that, in- squared by fresh borrowings. It stead of having a deficit then, he would have a surplus of over
£4,000,000,
More Taxation?
It is too early to speculate on the effect that a realised deficit. next March would have on taxation in the new financial year..
Much would depend upon whe ther the deficit was mainly due to accumulated arrears of income tax or to over-optimistic budget ing last, April..
There is little hope of any sub- stantial reduction in the present Income tax was expected to bring standard of national expenditure, in £4,811,000 less in the whole year, and if the existing revenue system compared with. 1923-28; at the preis proved to be unequal to the sent moment it is £21,614,000 behind i strain, it will have to be strengthen the standard set by the previous ed-and that means more taxation. year.
G. G.
TRADE ON THE UP GRADE.
MILLS USY.
SOME IMPORTANT CONTRACTS.
news as to the prospects for 1927 expected.
On the other hand encouraging and a record year is confidently is received from the chief indus tries of the country,
have been absorbed rapidly
WOOL AND WORSTED: Unemployed woollen industry in the Hudders Seld district. Overtime in now being worked in the worsted mills. SHIPBUILDING: On Tyneside ship, building prosperts are brighter thad for three or four years past.
An encouraging sign of the times is the report of an order for the construction of about 50 locomo tives and tenders for the London
at. Portsmouth.
Besides all the usual features of a cruise around the world, such as Gibraltar, the French Riviera, Naples, Cairo, Bombay, India, A busy start for the New Year was experienced over wide areas, Ceylon,, Singapore, Java, China and the hope of stendy improve Midland and Scottish Railway Co., Japan, and Hawaii, ca the fourth, ment is held cut. The tronplaced with the North British
Locomotive Company. craise of the Resolute, Madeira, any districts is described below: Algiers, Greece, The Holy Land, employment was decreasing, and
Becent Contracts COTTON-Prior to Christmas an
Messrs. Cammell, Laird and Com- the interior of India (with Agra there is every expectation it willpany, Birkenhead, have received an and the Taj Mahal, Fatehpur-Sikri, continue to do so.
order Rom the Admiralty for a Delhi, Benares, and Calcutta);
complete set of main and auxiliary Rangoon, Burns, "on the road to
machinery for a cruiser to be built Mandalay"; Sumatra, Borneo, and Siam, the land of the White Elephant"; Zamboanga, expital of Salu; Formoss, the "Beautiful
-Overseas Orderaj Isle spectacular "Peking, and
ENGINEERING: Employment at Ticntain; Koren, the "Hermit Coventry has shown a marked in Kingdom," whose capital, Seoul,provement during the past five will show the earth's most amusing weeks. Motor firma agents are now costumes and customs; and Kiya- delivery. Nearly all firms report through notes for early jima and Nikkö, two of Japan's increased overseas trade... most enchanting beauty spota, are
IRON AND STEEL: Heavy orders are held by all the iron and steel tracts from the Venezuelan Minis Messrs Pettera, Yeovil, have con- enjoyed.
firms on Teesside. They are assur ed of active employment over the try of Public Works for concrete whole of the year. Twenty-nine mixers and stone crushing machin- blastfurnaces are working in the ery, and orders for engines from Middlesbrough area About 25 per cent of the unemployed iron and during the past six weeks.
And At The Bert Time.
The seasons are to be the best of the year in every country visited Egypt at the height of Cairo's
The Fairbeld Shipbuilding and Engineering Co., Ltd., Glasgow, have received from the Admiralty an order for the construction, of the 10,000-ton cruiser which is pro- vided for in the Navy Estimates for the current year. The contract is for hull and machinery. Messrs. Henry Simon, engineers, A big contract undertaken by Manchester, is for a granary. with Brain The building will store elevators for the port of Benton,
12,000 tons of wheat,
South Africa and New Zealand. Co., Bolton, have in hand a num Messrs. Hick, Hargreaves and
OPAAZDI
COMHA
RUDOLPH VALENTINO
THE SAINTED DEVIL.
HOUSE PETERS
LOST AND FOUND.
CLAIRE WINDSOR
THE DENIAL.
QUEEN'S THEATRE
1
NIGHT ONLY
MON..
.,
JAN. 31.9.15
PROFESSOR
MAXIMILIAN LANGSNER
The man who baffled the Proes, Officials and Scienfiets in ovary city he has visited with his marvelous psychis powers.
MYSTERIOUS THRILLING SURPRISING
The grestent performance of sensational hypnotic, telepathic The and magnetio demonstrations the world has aver ́sean. most unijue entertainment ever presented, to the public.
SOMETHING NEW-SOMETHING DIFFERENT.
RIGAUD, 16 RUE DE LA PAIX, PARIS.
NEW - STOCK
DESSE FRENCH PERFUMES.
UN Am"EMBAUMÉ '
JUST ARRIVED.
"UN AIR EMBAUME”
Grand Model
AGENTS IN HONG KONG.
VICENTE ATIENZA & Co.
No. 54, NATHAN, ROAD, KOWLOON. TEL K 155.
social season India in the cool steel workers have been reabsorbed ber of important contracts grooms for those who wish to travel,
weather; Peking in springtime; and Japan in cherry blossom tíme. The shore excursions, are always with automobiles or jinrikishas, guide-interpreters with tipe and teen paid, the best hotels" in fact, the beat of everything."..
The Resolute is a triple-screw oil burner of 20,000 tons gross register; just right for the highest degree of comfort and convenience on a world craise. The cuisine and service ar equal to the needs even of American millionaires.
oversens, and Messrs. Alexander Wright and Co, Westminster, re-alone.
A Motih's Progress. TINPLATES About 10,000 steel port, a number of orders recently Other features are the veranda workers have resumed work in the from Australia, Canada, New Zea- café, the children's room, the Swansea district,, and 18,000 tin-land, and several foreign countries barber shop and the beauty par- plate "workers are now employed. Mearrz Blair and Co., of Block-lour. In fact even the most opulent Compared with a month ago, 20 per ton-on-Tees, the engineering firm American will be as well cared for dent. more tinplate mills have been recently purchased of Newcastle on sa in one of his own palaces in New put into commission.
Tyne, have booked an order for two York and Florida. BOOTS, SHOES, AND HOSIERY: sets of marine engines. This makes An experienced world traveller Northampton boot and shoe manu their immediate work on hand six lecturer is attached to the cruise Tacturers are looking forward hope sets.
staff of the Resolute, and frequent fully to the New Year. There has The London and North-Eastern lectures are given regarding the recently been a considerable influx Railway have placed contracts for countries and sitics to be visited. of business.
434,000 permanent way sleepers and Personal interviews for the infor 140,000 steeper blocks to be deliver-mation of passengers also can be ed at Lowestoft, Grimsby, Boston, arranged. 3 Bo'ness and West Hartlepool
In the West of Scotland ship building primarily will reap the benefit of the returning prosperity,
India To Be Honoured With Visit. The Résolute han skrendy, visited Madeira, Gibraltar and Spain, Aigeria, Italy and Greece, leaving The Best Accommodation Fosible. of the finest dancing pavilions on her former cruises around the
The Resolute was especially de-afloat.
Athens on the 24th of the month.
*
The Resolute is world-famous for cuisine. Passengers who have been.
world have remarked that in these than any hotel in the country. respects the Resolute in better
appreciation of the delicious food.
An Expert Management. rich furnishings, and the air of Members of the Resolute cruise congeniality that pervades it will appreciate the fact that ar The dining-room, on "D" deck, rangements both about and ashore
At present the tourists are explor signed for service in the tropics and The ladies parlour affords a ing Palestine, and are due at Alexapeciousness in all departments-on quiet and pleasant rendezvous at Many letters are on file expressing andria for visits to Cairo and deck, in the public rooms, and in all times," and the smoking-room, Fort Said, to-morrow. India will the staterooms is a characteristic. which is on the promenade deck, be the next stage of the trip, A special system of forced ventila recommends itself because of the Bombay being reached on February tion 9th, and departed from on February ship, and each passenger is able in operation throughout the 23rd. Various seven day excursions personally to control the fow of have been arranged to various parts fresh air into his stateroom.
has ivory-tinted walls and rese- are under the direction of a single of the Indian Empire. Colombo
***The promenade. Ceck is unusual coloured furnishings, and many management, thus every detail of is reached on February 25th, and in both length and breadth, Amirrors, contribute to make each the shore excursions is carefully left on the following day, and single row of deck chairs accom- meal a gala event.
worked out in advance, including Burma is visited on March 3rd.modates all passengers, and yet The swimming pool is on the boat the best special trains, automobiles, Sumatra is reached on the 7th, Java leaves ample room for the hikers." deck where the sun and air reach jinrickianas, hotel accommodation on the 9th, with two days spenthe sun deck also provides large it directly through the large arched (always the best hotels) and local here. The Malay States are next and unobstructed spaces, where, skylight. Showers and dressing guides, Members of the United touched at on the 13th, Siam on under awaings or in the open; rooms are adjacent. An expert American Lines' cruise staff accom 16th, Borneo on the 21st, Bulu on games may be played
instructor is, of course, in attend- pany, and look after all excursion March 23rd, the Philippines on the Architecturally, end from the ance at all times.
parties. Both, and Hong Kong on the 27th standpoint of decoration and far- The gymnasium on the bont deck, Ladies who travel alone," says From here the Resolute proceeds to nishing, says a company brochure, is complete in all respects includ the booklet in its concluding para- Formosa North China, Korea, the winter garden is a mastering expert" siways to hand." graph, need have no hesitancy in THE CHINA LIGHT AND POWER Co. (1918), Ltd Japan, Hawaii, California, Panama piece Dances, concerts, bridge The tuites comprise drawing joining the Reanlute cruise, as cift tournaments, amateur theatricals, room, bed-root, trunk-room, and activities adoat and ashore will be masquerade balls and other social bath. There are an unusually large carefully supervised by members of functions are held there: The hard number of staterooms with connect the cruise staff, including the hos wood parquet floor furnishes one ing bath and numerous single teased?!
ELECTRIC HEATERS.
OBTAINABLE FROM
Showroom: 62, Nathan Road, Kowloon.
Telephone Ho. K. 877.
Cuba, and from thence to New York, arriving at the starting point on May 5th bed
(Continued on next Columo).-
DISINFECT FREELY
AND
DRIVE AWAY
DISEASE.
WALKER'S
-CARBOLACENE
AN ABSOLUTELY CHABLE DISINFECTANT.
Should be used freely everywhere as a "Safe- guard against infection.
Bole Agenta ANDERSON & ASHE- Queen's Building,
[4.2.3.]