HONGKONG DAILY PRESS
Finance
and Commerce
Heaviest Budget Burden Remarkable
In Years For Britain
LONDON, Sept. 28 (Renter)-The main figures of the Budget make the revised "estimated expenditure current £1,933,000,000. from The revised estimate of revenue. including 2107,000,000 new taxation, amounts to €995,000,000.
This leaves £938,000,000 to be met by borrowing. of which £500.000,000 are already authorized to be met from defence loan moneys.
.1
The effective resolutions for giving legislative force to the proposals were agreed to unanimously within 100 minutes of Sir John Simon's speech and the general debate opened,
financial
LONDON, Sept. 28 (Reuter)-Sir; inflation which Britain intends to John Simon's drastic
unprecedented Budget, make affecting rich and poor alike, has efforts to avoid. caused enormens impression
11 throughout Britain and is regarded; as the best possible proof of the country's determination to out a supreme war effort,
'INCOME TAX
carry
previous!
Advance By Sterling
BRITAIN'S WAR BUDGET REACTIONS
NEW YORK, Sept. 28 (Renter)—–—–—– Sterling made a remarkable ad- of vance from yesterday's rate 400-1/2 to to-day's high rate of 102-1/4.
The rise was influenced by shorts covering-and small local trade demand and progressive decrease In supply, which is the major fac- tor of the recent recovery.
War Costs
The improvement coincided with the introduction of the British Budget. with traders pointing
War
out the fact that war costs would largely be met by increased taxa- tlon and the £500,000,000 credit recently voted would last.. ant March.
Though the Chancellor of the Exchequer has obviously striven to mitigate the severity of the Budget during the ini- tial stages, his main objectives have been to provide machin- The Income Tax of 7/60 is the ery to wring the last penny ont of the country's staying highest since the tax was first in- trodured in 1798 and compares'
power during a war of three with 173d at the start of the last years or more, if necessary.
the highest war and
The Budget pays very slight figure of. 6s.
heed to considerations of political
Meanwhile, some conjecture as to The
indicated by the Budget да
popularity. a whole. writes Renter's City Editor, ro- taxes on beer and sugar and the whether Britain might not be sell-
the presented undoubtedly
great increase of taxes on low in-ng dollars for some substantial deposits in foreign exchange and heaviest burden ever under-
comes.
currency which had been received taken by any free nation in
through Britons turning them in history..
at British banks in response to yesterday's statement by Sir John ASSOCIATION Simon the British Chancellor of
the Exchequer.
13
HONGKONG
The Budget proposes to raise about 51 per cent, of the expendi- 15 which ture by taxation, almost double the Great War's " proportion, which, for stance trom 1915 to 1918, was 22 per cent. CRUX OF BUDGET
SHAREBROKERS'
Volume Of Business Transacted on Thursday, Sept. 28, 1939. H.K. Docks
100 $17.80
The Budget's crux was Sir John ELK Lands Simon's statement that financing. H.K. Electric other than by taxation or loans Government
Loan 4% from genuine savings must cause
100 100
30.00 49.75
$5,000.00* 0.98%
HONGKONG SHA RE QUOTATIONS
STOCK EXCHANGE
Buyers Bellera
Sales
Somien
SHAREBROKKES ASSOCIATION
THURSDA· 28.1 SEPT.
Bank
$1200 8.K. Banks ....
144
$72
Do. (Col. Hag.)
Do. (Lon. Reg.)...
76 Chartered Banks...
Egg Mercantile Bks. ""
E10 Mercantile Bhs, "
72 Bank of East Asia ....
N. C. & B. Banks. Insurances
$200 Canton Insuranom $365 Union Insurances
Underwriters
LONDON STOCK EXCHANGE
(REUTER'S SERVICE)
London, Sept. 27. The following quotations are the middle prices.. at the close of the market in London. All quotations are subject to confirmation and no responsibility is assumed for
-
Buyers Beliara Sales Norsins errors in transmission,
War Loan, 31% (Red
after 1952)
$1900 | Cantoni-K'loon Rly. 5%
Loan, 1998.....
Chinese 5% Crisp Loan.
E
28-1
£72
Chinese 44% Gold Loan,
£72
1898 (Brit. Lasue)......
£8)
Chinese 5% Gold Bonds,
£32
£10
1925-47
38
$72
Chin. 41% Anglo-French
50 cts
$190
1912
$350
Chinese 5% Reorg. Loan,
$185
1913 (Ldn. Is)
32
Shipping
Chinese 8% Ster. Notes,
887
Douglas
$07
1925 (Vickers)
8-1
812
Slomboute
$15
Chin. Imperial Rly. 5%
$60
Indo-Chines
[Prat)
$50
Loan
45
lado-China (Dat.}...
$20
Shella
83/0
Sonan. Rly. 5%
-12
88
Docks. Wharves.
$100
$163 H.K. Fires ....
-$30
.83/9
$4.20 Providents
...
$18
$9
84
6 cts.
#151.
$7.80
::
12
44
$3,80
918
W
88.10 Waterboats
Godowns, etc.
$100 H.K. & K., WharVOK
Providenis {new) .... H.K. & W. Dock... $17
Do. (new)
8110 Shanghai Docka 8. ...
$ New Engineerings 8.
Kailan:
Raubi
Mining
Vezerdela Gold Fida
Hong Kong Mines ..... Lands, Hotels and Buildings
94 H.K. Hotels
H.K. Landa ..........
Do. 4% Dabendzzzun Shanghai Lands. 8.
H.K. Bealtjes
Humphreys .........
Chinese Estaben
Catton Mills
....
#1359'hat Cottons (8.)
$42 Zoong Sings (8.)
$181 Wing On Textiles (8.)
"Public Utilities Trunways.
$7,43 Peak Trams (vid),
13.70 Peak Trams (new)'
China Light (0)
$30
par
841
$7
$100
818.801
.::
(8.)
$81
Star Ferries
122
{T'mati Ferries
Do... (new)
35
Chine Lights (New)
|Chins Lights Rtà.
$50
H.K. Electries- youn
#IA
Macso Electrios
Sandakan Lights
921) Telephones: (old) ......
#7.63 Telephones (serir)
19/0 Trmation presiser
:9979 -- Trsations. (prof.) - Industrials
$14′′ Cald., Maog. (Ord.) 8.
$30 cum.jint.
Hukuang Rly. 5%, 1911...
Hukuang Rly: 5%, 19
(German Issue)
Lung Tsing & U. Hai Rly.
5% 1913
Shai-Ning Rly. 5%
Tientsin-Pukow Rly. 5%
88.36 Tientsin-Pukow. Rly. 5%
ཨཱུ བྷྲ སྶ སྶ -, -་སྤྲུས
11
12
$108
(Brit. Stpd.)
11
(German Stpd.)
11
16/3
Tientsin-Pukow Rly. 5%
88+.
(Brit. Stpd. Supi. Loan)
+4
Tientsin-Pukow Fly. 5%
(Ger. Stpd. Supl Loan) 11 Jap. 5% Ster. Loan, 1907 28 Jap. 6% Ster. Loan, 1924 35 $4.50
Ger. 7% Intl Loan, 1924 5" $100 Chartered Bank
34
H.K. & S'hal Bank (Ldn.
Reg
$7.90 HK. & S'hai Bank (Cal.
--སླའ£ * "
72
Reg.)
$18.80
$110
Chinese Eng. & Mining
(bearer)
$40
Chosen Corporation .................
880
Pekin Byndicate
318'
Shal Mec. Constr. Co.. B'hal Waterworks “A”.
10.
19
$7.40 Union · Insurance
$3.70 | Gula Kalumpong Rubber 16/3 860
Allled Ironfounders...... 15/9 A880. & Elec, Industries 31/3 "Austin Motors, ord. p. 17/0
Cable & Wireless, "New
Form, ord.
FINANCE
FRIDAY SEPTEMBER 29, 1999, -PAGE)
Hongkong Daily Press. CLASSIFIED
ADVERTISEMENTS
Brooke Bond
THE
BETTER
FRONE ALL
Sata
FIRST CLASS LADIES TAILORS
FOR SALE ALSO MADE TO ORDER SATISFACTION FULLY GUARANTEED
READY MADE DRESSES
LONG KEE
31 NATTIAN ROAD
KOWLOON. (Peking Road Corner)
RELIABLE TAILORING
LADIES AND GENTS. TAILORS
Tel. 50451
We have just received a large range of cloths for SUMMER SEASON. Batisfaction Guaranteed.
THE JUBILEE SILK STORE Specialists in Gents' Wear, Suits, shirts, Pyjamas and Underwear.
31 Nathan Road, Kowloon.
Corner Peking Road.
H. K. STOCK EXCHANGE
Evidence is not lacking that a fair turnover could be negotiated but for the irregular movements of operators. Yesterday buyers were more open in their enquiries but to-day their indifference was simu- lated
Scrip cannot be enticed out at buyers ideas, for holders still maintain an attitude of disinter- estedness until better offers
n made....
FK $3.80.
BUYERS,
SALES
HK. Docks, $17.80.
H.K. Lands, $30.
PHILIPPINE-GOLD MINING
QUOTATIONS
are
SHING
Telephone No. 50451
HING
DEALEES IN
STORE
PORTUGUESE GOODS
MACAU XATIVE PRODUCTS 36A, HANKOW ROAD.
KOWLOON.
FOR SALE
Selection of the best varieties of. Reliable and Tested FLOWER & VEGETABLE SEEDS for
IMMEDIATE PLANTING
from
Sutton & Sons Ltd., Reading Arthur Yates & Co., Sydney
W. Atlee Burpee & Co., Philadelphia) Toogood & Sons Ltd., Southampton
Atoks 311b, Antamok 15s, Baguio Gold 13b, Batong Buhay 00858,The opportunity of serving you will Benguet Consol, 8.20s, Big Wedge be a pleasure and your commands 18b, Coco Grove 111b, Consol, Mines will have our best attention.
0035b, Demonstration. 067b,,1. XL: 365. Ipo Gold 081b, Itogon Mining 15s, Masbates Consol. 064b, Min- Mine 05-25. danao Motherlodë Operation 084b, North Camarines 14b. Paracale Gummaus 12b, Ban Mauricio 656, Suyoe Consol. 108. United Paracale 24s.
NEUTRAL TRADE AND SHIPPING
THE HAGUE, Sept. 29 (Beu- ter)--A Netherlands Delegation has been appointed to go to England and discuss questions of neutral shipping and trade.
The delegation will be headed by the director of the Com- mercial Treaties Department.
DANISH DELEGATION COPENHAGN, Sept. 28 (Beuter) The Danish Trade Delegation left Oslo for London to discuss import and export questions.
Hew to The delegation Amsterdam and is continuing the journey from there by sen
TSIAOTSO COAL MINE MACHINERY
DESTROYED ·
LOYANG, Bett, 28 (Central)—ine machinery at the Tslaotao coal mines east of Po At on the Tackou Chinghua Railway, in North Honan, was completely wrecked by. minera. The mines were reportel to have been bought over by the Japanese from British interests.
Revolting against alleged - Jap- anese oppression, the miners start- ed
the sabotage work with
י
GRACA & CO.
No. 10 Wyndham St., Hong Kong Established 1896
AUCTIONEERS
GREATEST COLLLUTION OF BARGAINS IN TOWN"
이름이
LAMMERTS MOTION ROOM
Lammert B boga. Aga angin 15.6 (Vitrd Teleptre No 29201
USE
NOXZEMA
FOR
SUNBURN
It ends pain and doesn't stain. Use Nozezema to protect your skin!
Obtainable at all leading Drug & Department Stores Bole Distributora: UNITED TRADERS-Hong Kong.
sasaistance of Chinese fortes A DONT FORGET
1214
$8
$5
44
B.-A. Tob. (bearer) ...
80
Mercantile Bank
10-1
Cammell Laird, ord...
Mexican Eagle
Courtaulds
8/0 -4/3+ 26/6
Distillers
87
Dunlop Rubber
24
Geń, Electric (England) 82/0.
$18
Cald., Macg. (Fr«f.) 8. | Canton To Termostaa
BL
|Guinness (A) Son & Co.: 81/3
$12
Camenta
$3,80
Rope Arabescom
$14 Hawker Siddeley Aire... $4.70 Bristol Aeroplane
11
Miscellaneous
$8.50 [Ch. ̈É'tainmenta
$6.80
#19) Marks & Sp'eer "A" ord. 451-
13/9/ Imperial Chemical Ind 21, Imperial Tobacco
-105
(old)
#1+
Rolls Royce
83/8
Leyland Motora
77/4
Tate & Lyle
53/9
Turner & Newall
65/71
$1.98
$7.30
United Steel
...............
21/-
Marsman Investments.
Amethwick Drop Forz... 14/5
Randfontein Estates
$10
Armstrong Stevens, órd 5/3
Western Holdings
- #99
| Pressed Steel, com,
12/6
Sub-Nigel
32/6
180
141
Vickers, ord.
15/4
Tanami Goki--Mining,
410.
$10
52/6
Anglo-Iranian
"81/3
··Burmsb
43/9
Ruh Plant Inve
rust 28/101
Shell Trans
(bearer):5
190 Dairy Farm (Old). Dairy Farm (New)
$1.35 Construction.
Constractions
37] Lane Crawforda
Nanyang
$1.80 Sinos
Tobacco.....
38% Ch. G.6% 1995G #Bds.
$100
190 BE Gore %. Lomos 508 ELX. Gov. Bi Lown SALK Wing Os
S'hat Wing, OH ............ Vibro: Filing PÁSKATING
Woolworths
Angio Dutch
"Burma Cof)
Common
fight with the Japanese guards ensued, resulting in the killing of over 80 of them. All the machines! there were blown
up with dynamite.
THAT WHEN You are at Home you can get the HONG KONG DAILY PRESS
SELFRIDGES.
SUMMER
DRESSES, DAY & EVENING HATS, BAGS & BEACH TOGS
at very moderate prices. Call on us and let us damonstrate to you THE SHANGHAI SUN FAT COMPANY.
EXPERT LADIES' TAÏLORS
No. 30. Nathan Road, Kowloon.
Telephone No. 56846
Do not MISS your OPPORTUNITY while in HONGKÔNG
COME and SEE the WONDERS that
NEPTUNE has made.
NEPTUNE · PRODUCTS COMPANY
SWIM
S.ULTS
65 HATHAN ROAD
20 Queen's Road Central Kayamally Bldg.
Tel. 30882
J
TAILORING SHOP"
WE TAILOR
MEN'S WEAR
SUMMER
SHIRTS
REHMAN'S
LADIES & CENT'S TAILORS OUTFITTERS, SUES & SUNDRIES
ROTELS
TEL 50/23.
MARBLE HALL (and Anners Private Hotel), 34:
ternis courts. Granville and 103, Austin Rosda. Kowloon, Beautiful garden. Rooms and sites, with rivate bathrooms All modern conveniences. Apply proprietress. 103, Austin Road, Phone 50933 and 36. Granville Road. Phone 59433.
METROPOLE HOTEL CENTELAL - CLEAN-COM- FORTABLE. · All Rooms with Private-bath from 38 per day. Meals at all hours. Large Dining Hall, coolest tá Tuvii. Fully licenced TEA DANCE Every Tuesday. Thursday, Saturday & Sunday, 5 to 7.30 p.m.
ELECTRICAL ENGINEERS
司公鼎電亞新
THE NEW ASIA CO. ELECTRICAL ENGINEERS
And
HOUSE WIRING CONTRACTORS 12, Chiu Lung St.
RADIO SERVICE
Tel. 340103
For prompt and efficient service in radio repairs, and par chases of "ZENITH" long distance radios for 1839,'always enlist
EASTERN RADIO SERVICE „LABORATORY.
228 Nathan Road.
Kowloon, Hongkong.
NOTICE TO BADIO SET OWNERS Our annual service subscription $4.00 only. Guaranteed inspect and clean up your radio receiver 4 TIMES a year.".
CHUEN YEE HONG
54. Des Voeux Road C.
'HOME' SKEVICE
Tel.: 24311
Worried by WHITE ANTS
Flan their Eradication-Consult
Thomas Cowan & Co. Jardine, Matheson & Co., Ltd
Queen's Building,
Phone 30722.
Agents in
Hong Kong-Canton-Bwatow-Poochow
- Phone 80311-
Inspection & Estimates Fren,
AT
Jimmy's
ENGRAVERS
FEI FEI & CO.
Photo Engravers
18, Opchrane Bizoek. Telephone No. 22736
BAGGAGE TRANSFERS
AT LOW COST PACKING & SHIPPING INWARD SHIPMENTS CLEARED & DELIVERED
· ESTIMATES, ON" COLONY, BAGGAGE
THE COLONTO