IS THE COST OF LIVING GOING UP?
(CONTINUED FROM PAGE 6.)
The same considerations are not in the opinion of the Government valid for the other Charge Allow aars mentioned in this paragraph of the Report and the recommenda tion for their abolition is therefore accepted.
ed that the allowance should cease on the revised salaries coming into
THE HONG KONG DAILY PRESS FRIDAY, APRIL 25, 1930.
Telegram of 25th March, 1930 from Secretary of State to the Officer Administering the Government. Dated March 25, 1930.
Your despatch of January 2 (No. 37). Salaries Commission.
CHINA'S HEALTH RESORT. DAILY SHARE QUOTATIONS.
KULING BECOMES POPULAR
OWING TO SLUMP IN ̧·
SILVER.
The
[UNITED PRESS.]
unprecedented slump in silver may have caused upseta in the money market and hurt busi- ness throughout China generally but it is going to bring prosperity to Kuling, the famous summer re- sort of Central China.
Officials of the Kuling Estate reveal that although this is only
I approve your proceeding as pro- Overtime Allowances,
posed in paragraph 29, but I am Paragraph 1:3.-The allowance bound to say that the recommenda- incntioned in clause (ii) to antions for starting salaries appear Assistant Marine Surveyor in resto me generous: in particular I am pect of the Government slipway at surprised to learn that, in Hong Yaumati was granted as a tempor Kong the cost of living is higher ary expedient, pending increase of now than in 1820. The committer European staff. This increase has Rives no evidence of this and steps now been made and it is consider. should be taken in the course of the the middle of April advance book- year to compare carefully the com- parative cost in 1920 and 1929, with ings for accommodation at the view, if figures warrant it, of mountain top have already exceeded withdrawing or diminishing the The hard-lying allowance, now paid to the Chinese crews of the Cost of Living Allowance. I regret those of last year and this they I can see no grounds under exist attribute to the fact that most of cruising launches in the Police De- partment does not appear to have arrangements for proposing the foreigners in East and Central heen brought to the native of the
China who in previous years spert their summer holiday in Japan, Commissioners. It is recommended
have decided to visit Kuling this year as the state of exchange will make a trip to the Islands yery expensive.
force.
for continuaded.
Bent of Government Quarters: Paragraph 174-It has been aseer. tained that the recommendation regarding offers occupying their wn houses in outlying districts was Lased on the rule adopted by the Treasury for rating assessment in
cases of this nature, where o
follows.
that additional revenue shenld be relieved from assessment for De fence Contribution. Regarding the salaries of Audit and Marine Survey staffs I shall address you later, but in the meantime you should proceed on the basis of the revised salaries' scheme in their rasek. Gratuities recommended in Pending Paragraph 13 approved. the introduction ef revised salaries, I agree to the proposals in your telegram of March 14 that the ex guidance can be obtained from any change compensation scale should generál level of rents. But in a calculation of this nature for rating extended down to exchange one purposes it is the net income of the shilling and sixpence. Despatch owner which is sought and allow ance has to be made for his expens diture on repairs and insurance and for depreciation In the case of the officers mentioned all these charges fall on the occupier and to award rent allowance on the baste of 6 per cent. only of capital outlay does not, therefore, give the officer a fair return for his enterprise in providing his own housing accom modation. It is, therefore, recom mended that 8 per cent. be adopted as the basin. This proposal has been laid before the Chairman of the Commission and has received his concurrence. It should be observed that 6 per cent. net return capital is by no means a high figure in this Colony,
LTO
CHINA'S SILK INDUSTRY.
Since the latter part of 1826 the Kuling has suffered from effects of civil warfare and Com munist uprisings which prevailed in Kiangsi prevince in which the well-known mountain is located. As a result of unsettled conditions the number of visitors. during the last two years had a marked de- crease, both the Chinese and for- eigners fearing possible outbreaks of war and bandit attacks which might endanger their safety. The recent outrages committed by Com- munist and bandit gangs on foreign missionary workers in Yuanchow
EXHIBITION TO BE HELD IN and other Kiangsi cities threaten
NANKING.
[UNITED PRESS.)
A.national xilk exhibit will soon
be held in Nanking under the auspices of the Ministry of In- dustry, Commerce and Labour.
This is one of the steps the
total 1,195,960,000 tnels worth of
materials.
to keep tourists away from Kuling again, but Bespite this the season is expected be crowned
to
with
success.
HONG KONG STOCK EXCHANGE.
SHAREBROKERS ASSOCIATION.
Buyere
Bullery
Bales
Rominal!
THURSDAY, APRIL 24.
Hojars
Balles
[$1,405
8169
IHMI
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dates Fominal
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8433
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Pres. Folk
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9263
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Pres. Pieros
3Lb May
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esh May
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6th May
6th Miy
$281
411
: 8:⠀⠀⠀⠀⠀
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85.90
14
Providents
85.16
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T.1273
T.81
T.8.06
...
+
041
Floss
18 Shanghai Docks
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Pro. Cleveland Skirala
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EWOR
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T.80 T.78
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176
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Do. (AW)...)
T.10
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2144
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(new). $18
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$721
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3.80.
-330x
4.30 P =
Macno do..
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+4
823
85.03
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$18
Telephones....................
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10/ 18/3
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Monday, 28th,
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811
(old)...
8111
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381.57. 25
829
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Letters 230 FX
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Parcela 5.00%
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couver, B.O-dre Vancouver, BC, 17th May, & Europe via Siberia ..
Hok, 9.15 M
· Letters · 10.00 AM
$2.85
63* 8%
(new) $10,80 Watsons *****
Win. Powells $24 B. Ind. G.8 Bonds... 43% H.K. Govt. Loan ... $107
$10.40)
810,00
Wednesday, 30th,
Bestow ...
Борку -
80 A
Sandakan
Amby P
Hinmang... Totnan
1:3) .3.20 M
No Danger of Bandits, Recent reports appearing in the T.13 press at Shanghai concerning Com- unist threats against Kuling have been denied by authorities. A for- eign missionary who has just re- mountains, asserts that at present turned here from trip to the
(i) In applying the new scales toinistry is taking for the promotion Kuling is not facing the danger of existing staff it has, with a few of native goods. In recent years, bandit attack of any sort and that exceptions, been assumed that the many exhibits of native products the American School is not contem plating evacuation. Consular offi- officer carries with him into the new have been held at various times, cinls have also denied the report senle the service in his post, elase or grade which he actually has and but this will be the first one exelu- that all missionaries have been indeed it is only reasonable that, sively devoted to Chinese silk pro-order of the Chinese officials. The ordered out of the province_by. if a certain time-and salary-scale ducts.
nissionary writes:- is found appropriate to a certain
"The Ministry calls attention to" "There are a few refugee ladies post, class or grade, an existing officer should enter that stale at the the fact that according to Customs living at Kuling at present, but point corresponding to his service. statistics of 1928, more than a such can be counted on the fingers There is, moreover, an insuper-quarter, or 369,374,000tnels of the of one hand. In any case their presence at Kuling is a proof of its alle difficulty in allotting to exist ing staff on sterling salaries the importation was fabrics and dress safety. Having escaped from. a Should every Chinese disturbed district they are not like- nearest figure in the new scales to conscientiously stick to wearingly to settle in a place subject to their existing emoluments in that native material, China would be alarms. The real alarms are felt in the effect of Auctuations of ex-
the drawing rooms of Hankow, and change on present and revised emo-that much richer.
Shanghai. luments is widely divergent. Thus, when the sterling value of the dollár is 2/- £1,000 nominal salary on the present sliding scale with temporary allowance amounts to £1,344 actual salary, On the basis of the Report the equivalent salary of £1,130 with 15 per cent. High Cost of Living Allowance would amount to £1,322.10. But with the dollar at 1/10. the former figure drops to £1,276, while the latter remains constant, and a slight loss is converted into substantial gain. Similar divergente occurs when the value of the dollar rises aljeve 2 £1,000 nominal then be Comes on the existing system £1,404, while £1,150 and 13 per cent. be comes £1,433, since under the new system the exchange rate for con version purposes is not to rise above 2/ This dificulty does not, of course, arise with dollar salaries, but it is clear that the system of
muat application
be throughout the Service..
tii.) Attention is invited to the statement in paragraph 14 of the Report that, in order to counter- balance the increase in the cost of living, a rise of 20 per cent in dollar salaries is called for. This pronouncement further strengthens the contention that the present salaries of the local employees of Government are inadequate.
Е
uniform
**
(iii) It is considered that the revised salaries should count in full for, pension, ... that the pension- able salary of an officer who at the date of revision has been three years in a given post, grade or class (or one with the same salary scale) ahould be his revised salary and not the average of his revised and old salaries. Similarly, where the last three years of service have been in. posts with different salary scales, the average to be struck should be that of the revised salaries of both ports and the same rule abould "apply where the earlier post was formerly on the same seale as the latter but under the revision is on a different scale.
The first part of the rule pro- posed above requires no. Larguideny, For apart from the fact that any other application of the new scheme would delay for three years the full effect of one of its main objects, the
averaged for present purposes operates only when there has been some change of office which is not the case here. The other proposals are natural corollaries of the main proposition..
W. T. SOUTHORN,
Colonial Becretary. January 90, 1930.
An Age Old Industry. Furthermore, the manufacture of silk had been developed in Chica long before she began to import foreign goods. Native silk used to cloth the well-to-do class in this country then. Now that, through many years of improvement, it has reached a very high standard of perfection, there is no reason why it should not be good enough for anybody. Examples are cited oË the people in India faithfully fol- lowing Gandhi's policy of wearing only native cotton, and of Turkey passing a law obliging every woman
Water Supply to be Increased, It is also stated that the Kuling Council has just held its spring meeting "at Kuling and finds the affairs of the estate in such a good shape that it has been decided to redeem $2,000 worth of debentures to improve the supervision of sani- tation and to increase the water supply in the West Valley.
It has been also announced that to ensure the safety of Kuling ar- rangements have been made with the provincial authorities of Eiang- si to have the entire territory sur- to use native products exclusively." rounding Lushan adequately pro-
Silk centres such as Hangehow, tested with troops. These authori Wusih, Soochow, Tanyang, Chin- ties are reported to be also making kinng and Nanking are all sending efforts to secure the release of 3r. their best products to the exhibit. and Mrs. Porteous, the two Britiah It is hoped that the exhibit will missionary workers who where sap- turned at Yuarchow and who are help to arouse among the people
still in the hands of the brigands. genuine interest in native silk.
AMERICAN STOCK QUOTATIONS.
LATEST WALL STREET PRICES.
The following quotations have been received from their cor- respondents, Messrs. Hayden, Stone & Co., of New York, by Messrs. Swan, Culbertson & Fritz, Sazedon House,.. Shanghai, (cable address: "Swanstock," Shanghai), who are not responsible for cable mutilations:
New York, April 28.
Tone of Market.-Irregular. No. of Shares done-5,500,000. Call Money. per cent....
4
$8.10 $0.30
$5
1816.80
MELDE
$23.35 $23$231/
30.80
830
هوا
$3 $18-
$31
Tractions
Do. (pref.)eres
Didustriala
Caldbeck, (ord.)
Macgregor (pref.)|
Canton Ices
TAY
Cementa (comb.)... $15.60
Do
Ropes
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Der A. Wings. Amusemente
31.30 Constructions.
Lane Crawfords Mackintosha....... Nanyang Tobacco... Sinceres. (old)..
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Africa, Egypt & EUROPE vis Max Calchas seilles-due Marseilles, 30th May ...)
זי
·5.0 6.00 P K
Tuesday, 29th,
9,80 A
1.00 Y M
Kowloon P.U.
Reg. 1.00 г'x Letters
1.COP *.
&B. America & "EUROPE via Van-Emprise of Aria) Wednesday, 301b,
Changhai, Japan, Honelalu, U.S.A.)
Canada, Central & South America,
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· Latest Salea.
71
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Australia (except Places South of Townsville) *New Zealand va Thursday Island-dos Thursday Island, 17th May Swatow, Amoy and Foochow
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"Par
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Noon
Haiyang
1.00 M
Sundays
only
7.00 p..
Saturday, 3rd,
Amoy eManila.27
Kingodan Pre Polk
5.00%
$5.00.
BA
118
47
Macao & Teinthan
(7.15 in. & 7,80**, 11.16 p.20.
1.30pm.
40
30c, A
Kissing
(7.15 am & (7,30
118 Sundaye 8,15 Losly
&
1,30 m
Sunday, 4th,
Sand
Huichow Kwangchoro
Curtis Wright Commun Eastman Kodak
None
13
Lengmoon (except Enturdays), 6.00 p.m..
*B
251
6.00.pix. 6,00 p
5,00 p
Electric Bond and Share
60
116
Erie Railroad
Node.
55
Fatahan (By Train)
General Motors......
Ti
General Ry, Bignal Gold Dut
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American Smelting Anaconda Copper Baltimore and Ohio Borg Warner
Chrysler Motors
City Service - Common
Hudson Motora...... International" Cement International, Nickel
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7
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None
Sears Roebuck & Co........... Simmons Co.
21D
3E
Standard Oil Co. of New York
1.60
Union Carbide and Carbon.
2.60
U.S. Rubber
None.
United States Steel
Kaukong (except Saturdays)
7.15 900 a.m. 9.00 a., & 800p.x
9.00a.m. 13.00pm. (12.80 p.m.
& 4.80 p.30.) Baturdays
7.16.1 9,00.4m. 9.00 J
110.
(11.00,47 {4:30 bins
8.30 KM
Lonly
"8.00 pm.
18.00 p
fwatow, Fonchowk Wei Hai We.. SWstow & Bangkok...
syAustralia and New Zealadd Bribade das Brisbane. 19th May
gon, "Atenilä, Leysony India, MaurĺQui, and Bouth Afrios,Adoo, East Egypt & EUROPE vis Marseilles----
8.30 M 9.00 A
Monday, 5tb, Heg
4.15 PM Melburne Marul Letters 5,00 a m
Shazchem
Chemigchow
Aberdeen'
Stanley.
Antan Fingahan,
8.30.
8.30 am.
Bratow
1.00 pm:
$1.00 pe
Bbatin, Shatankok
8.00 pm
10,80 ..
Kanila
Sheangabni
4.50 pan
Namten, Bbokki á Taí
7,00
*Superscribed
Balking J
(Famia)...
(1 Korolovn 2.0.
Beg
Angore
Lautere 1,00 M
G.P.O
Leiters: 2.30 s
Pris, Pierca
Wed
Emp, of Canada.
8.30
orrespondence only.