EMPIRE PRODUCE FAIR
To Be Held at the
PENINSULA HOTEL, KOWLOON
(By Courtesy)
On 23rd, May and
EMPIRE DAY
24th May, 1932.
Intending Exhibitors, whether firms or individuals arol' Invited to apply for reservations of space and any Information required to:-
I. P. BRAGA, Chairman, Fair Sub-Committee.
IA, Ghater Road.
Hongkong, 19th April, 1932.
VAUXHALL
The firm bearing this famous name has turned its attention to Britain's Colonies and has produced an Overseas Model that is a success worthy of the tradition in which it is built,
Every demand made by motoring conditions here has been considered.
Your desire for refinement has been most adequately. anticipated.
A car of undisputed modern engineering excellence, and a delight to drive.
?
THE
V "Cadet" X
A trial run will afford convincing testimony.
HONGKONG HOTEL GARAGE.
(HONGKONG & SHANGHAI HOTEL, LTD.)..
DO YOU KNOW THAT
THE
COOK'S ?
SUPPLY:-
TICKETS for any journey by Train, Steamship, Aoroplano and Automobile, and vouchers for hotel accommodation at the various Companies' turi rates without extra charge.
FREE OF CHARGE INFORMATION concerning all travel arrangements, Banking facilities, Congresses, Schools, etc. RESERVATIONS on practically every service in the world, Travel, Hotels, Theatres, Olympic Games and other
and Athletic prominent Sports Mootings.
(Cable charron, if any, not free). MEETING of steamers and trains at all important
centres.
AT BEST RATES TRAVELLER'S CHEQUES, Letters of Credit. Drafts
and Foreign currencies.
REMITTANCES and TELEGRAPHIC TRANSFERS.
Special arrangements for those who sand homs ́regular payments.
BACCAGE TRANSFER Servico and delivery of Goods ·
to all parts of the world. All CUSTOMS formalities.
INSURANCE POLICIES for Lifo and Baggage.
COOK/WAGONS-LITS
WORLD TRAVEL SERVICE.
THOS, COOK & SON, LTD. Opposite Star Ferry Pier.
Queen's Building.
↓
HONGKONG
CANTON TENNIS VISITORS
OUTPLAYED BY LOCAL EXPONENTS
EXHIBITION GAMES
TELEGRAPH
WEDNESDAY, APRIL 20, 1932.
NO RELIEF FOR TAXPAYERS
COMMONS LISTENS TO BRITAIN'S BUDGET
UNCERTAIN RETURN
TO-GOLD
No rellet to the tax-payer WEB given in Mr. Neville Chamberlain's budget, which he announced to the House of Commons yesterday. All seats in the public galleries, which had been reserved weeks before, were while he spent nearly full hours on his speech.
London, Apr. 19. Rising at 3.30 p.m. Mr. Neville Chamberlain, Chancellor of the Exchequer said:
two
The visit of G. Bodiker and Loung Tak-kwong, the Canton, In terport tennis players, to the Hongkong Cricket Club yesterday. attracted a large crowd to watch exhibition matches between them and Hongkong players. When Hongkong met Canton in an Inter- port contest a few months ago, Bodlker and Leung carried all be- fore them on the hard court, and many wondered if they could re-
"In September Mr. Snowden pro- produce the same form on grass,
They disappointed, however,duced the necessary economy and scheme, Bodlker being but a shadow of his revised the financial real self in meeting and losing to which has been universally S.A. Rumjahn in three straight claimed at home and abroad në n sets, and while Loung had many model of severe, sound and salu- flashes of brilliance in his doublestary finance. encounter against Fincher and Tsut Wal-pul, he was also below standard.
HC-
"The September budget produced £9,000,000 more than Mr. Snow- den expected. The depreciation of Rumjahn, the new Hongkong capital values as well as the longe- champion, to with Bodiker, win-vity of millionaires caused a de- alug his three sets with the loss ficiency of £18,000,000 in death of but six games. Bodiker relied duties, but the Budget has been entirely on driving, which was in-saved by Income and super-tax The beer tax produced Fufficient to meet the exacting de payers. mands of the difficult rain-sodden £1,250,000 less than was anticipa- court. Rumjahn reproduced the tod and that on whiskes, £1,000.- form by which he beat Fincher In 1000 lesa. the final last week, and had the full measure of his opponent, winning 6-1 6-1, 6-4.
It was nsking a lot of Bodiker to go on the court immediately afterwards and take part in doubles match and this was pro- bably one of the chief reasons for the defeat of the Canton pair by the
acores of 6-1, 6-2, 3-6, 6-C. Leung was closely watched by the spectators, and after overcoming a natural nervousness and the strangeness of the court, gave a polished display, his volleying in particular being deadly in speed and placements,
"The past year has been one of anxiety, dificulty and hardship. It was only in the last few months that some revival of trade and employment led us to hope that the worst had past."
War Debts Omilted.
Mr. Chamberlain declared that the Budget did not contain provi slon for the receipts of reparations and inter aflied debts or debt pay- ments to America which were in 50sponse.
Tac future of war debte and reparations was dependant on the rosulta of the Lausanne confer- Fincher bore the brunt of the ence. The best course was to re- work for the Hongkong pair, and frain from all conjectures and played a typical game. He rare-treat both sides of the account as ly made a mistake and his clever in suspense. That did not imply court-craft completely outwitted ony fresh decision of policy. The the visitors. Tsui Wai-pui did Government decided temporarily to omit an estimate of receipts well at times, but was very erra tic, and in sacrificing care for on account of the Dominion war de that lost numbers of debts which were suspended last Inte.
Piilumant when out- submitted to proposals would be come of the Lausarne conferenca was known.
it was good tennis of its type, but it in obvious that the local players are feeling the strain of the last few weeks of concentrated championship tennis, and a rest would do them a lot of good.
Income tax yielded £287,000,000 and the super tax, £76,000,000, res- pectively £15,000,000 and £4,000,- 600 mero than Mr. Chamberlain anticipated. There was a recovery in Stamp and Death Duties dur-
If weather permits (and at the time of writing conditione are very doubtful;, Leung Tak-kwong will this afternoon meet M. W. Loing the year, but direct taxation In a singles, and Bodiker and would yield £32,508,000 lese, ow Fincher will oppose the Rumjahn Ing to the depression. cousitis.
BANDIT CHAOS
COMPLETE ANARCHY IN MANCHURIA.
-
*Import Duty Yield.
The Chancellor anticipated the 10 per cent. import duties would yield £27,000,000 in 1932-3. He hoped to issue an order before the end of the week under the Imports Dutica Act, imposing fresh duties, but no details would be issued meanwhile. Mr. Chamberlain estimated the revenue from existing taxation at at £761.300,000 and expenditure £766,000,000 and estimated the deficit £1,700,000.
to
Changchun, Apr. 19. A Rengo message from Harbin states that complete anarchy reigns around Imienpo, in the Pogranichnaya sector of C.E.R, He announced 'the creation of an Damage wrought by Chinese irre- exchange equalisation account for gulars and other guerillas and which he would ask for power outlaws is estimated by Japanese borrow a sum not exceeding £150.- sources at Mex. $200,000,000, and 000,000 owing to the exchange will require four years to restore. position caused by the influx of The principal sufferers are Chin- large, accumulations of capital in ese with Koreans to a less degree recent weeks. This did not repre- and Japanese least of all.
sent a genuine permanent improve- Japanese residents at Suffenho, ment in the balance of trade and aeroas the border from Pogranich was apt to give rise to some naya are taking refuge in Rus- dangerous developments. The ob- slan territory. The Japanese, con- ject of the exchango equalisation sulate has received the Soviet's account was to enable Great Britain permission for this. Similarly, to function effectively as a main Japanese residents at Tahelho international contro, requiring to have been compelled to seek re- hold adequate reserves of gold on fuge at Blagoveschensk, crossing the foreign exchange in order to the Amur into Soviet Territory meet sudden withdrawals. Reuter.
Troops on Move.
Mukden, Apr., 19. Taking advantage of the wenk- ness of the Japanese troops while rollefs were being arranged, ban- dit activity lung suddenly increased In the Taonan, Tunglino and Changchiatun districts, west and north-west of Mukden,
All available Japanese forces to the south of Mukden 'are being rushed to the infested areas.
No Income Tax Cut. There would be no reduction of income tax. Mr. Chamberlain urged employera to help employeen to pay their tax by instalments. There would be no change in the beer tax. ..
He Increased the preference to a shilling a hundredweight on all colonial sugars. The duties on Dominion augara foreign and would be unchanged. There would also be a new duty on foreign teas Trouble is also reported in the of four penco a pound. Empire Chientao district, on the Korean teas would be taxed, two penco border, and Japanese troope en-i pound. gaged there in a skirmisli Chinese forcos, resulting in 30 duty on existing tea stocks of Chinese and two Japanese being two pence
pound π killed, and n
on number wound-exemption
holdings
d.
with
Thare would be
An
ค
ቢ
excise
SHARE PRICES.
TO-DAY'S QUOTATIONS.
The following is the list of local share quotations Issued to-day:
* Banks.
Hongkong Banks, $1540 sa. Chartered Banka, 11 n.
Mercantile Banks, £18 n. East Asia, $115 b
Am: O. Financo Corp., $20 n. insurances.
Canton Ins., $1250 n. Union Ins., $400 b.
China Underwriters, $4 n. China Fires, $590 n. H.K. Fire In.. $1,195 n.
Shipping.
Douglasca, 428 b.
H. K. Steamboats, $23 a. Indo-Chinan, (Prof.) $82 n. Union Waterboats, $19
Mining.
Benguets, $15 b.
Kallans, 23/9-n.
n.
S'hai Explorations, Tis. 2.10 n. Raubs, $38 b.
Docks, etc.
Kowloon Wharves, $148% b. Whampoa Docks, $21 b. South China Motora 810 n. Providents (old) $4.80 kn. Hongkows, Tla. 220 n. New Engineers Tls. 5 Shanghal Docks, Tis. 88% n.
Coltons.
n.
Ewo Cottons, Tis. 15.10 8. Shanghai Cotton, Tle. 76 1. Zoon Sings Tls, 10 n.
Lands, Hotels, etc.
I.K. Hotels, $13.30 s. Cum. Rts. H. K. Hotela Rights, $2.40 b. H. K. Lands, $77 a. Metro Lands $10 n. S'hai Lands, Tis. 26 n. Humphreys, $16.50 6. Realties, $11.60 ya. Asia Realties "A", $160 n. Asla Roalties "B", $80n. Chinese Estates $95 b. Benguet Exp. 29 cts. b.
Public Utilities.
Tramways, $21.75 b. Peak Trams, (old), $15.50 n. Star Ferries, $30% n. China Lights, $20 b. H. K. Electrics, $74 n. Macao Electrics, $2414 b. Telephones, $40 B. China Buses, Tis. 16 n. Singapore Tractions, 3/- .
Industrials.
Malabona, $21 n. Canton Ices, $5.05 n. Cements (com.) $18.25 sa. Ropes, $14% 60.
Stores, elc Dairy Farms, $18.25 n. Wminema, 910.40 u X. DIV. Watsons Rights, $31⁄2 n. Der A. Wings, $1 a. Lane Crawforda, $5.70 1. Mackintosh, $10 n. Sinceres, $17 n. Powells, $3.66 m.
Miscellaneous, Amusements, $221⁄2 n. Entertainments (old) $14.90 n. Constructions (old), $5.60 n. Constructions (new.) $1.80 b.
3. C. Enterprises $10 s.,
B. Ind. G. Bonda. $58% n. Loans, $$34% b. Prem.
HONGKONG SHARE
MARKET.
OFFICIAL SUMMARY BY STOCK EXCHANGE.
Markets opened quietly steady, with, if anything, a firmer undertone and less signs of a sagging tendency. Sales.
Providenta (Old) $4.80 Providents (Now) $2.27% Hongkong Lands $70 Hongkong Realties $11,00 Hongkong Trams $21.80 Cements (Combined) $18. Lane, Crawfords (Old) $5.65/70/% Huyers-
Hongkong Banka $1540 Union Insurancea $460 Douglases 320
Benguets $15
Wharven $143%. Docka $21
Providents New} $21⁄4 Hotels (Cum. Rights) $13.10 Hotels (Rights) 52.40 Hongkong Realties $115 Chinese Estates $35% Benguet. Explorations 20 cents. Hongkong Trams $21% Yaumati Ferries $35% Chino Lights (Old) $20 Macao Electrica $244 Cements (Combined) $18.15 Lane Crawfords (Old) $5.70 Govt. Loans 34 Promium
Sellers
South China Motors "B" $12 Hotels (Cum, Rights) $18.30 liongkong Lands $77 Humphreys $16 Ewo Cottona Tls. 15.10 Tepnones (F.P.) $40 Telephones (P.P.) $24.00
S. C. Enterprises $10
1
with return to gold or on what level," he
not said.
He estimated the surplus on the Ohinese are reported to be exceeding 1,000 pounds. The in- Tavnging towns and villages and crease Imperial sugar preference new basis of taxation at £796,000 looting. Incendiarism is rifo and would last for five years and also and announced that both the sugar the scene is described as a "verta special supplementary prefer- proferences were able to adjust
table holl."-Reuter.
DAVIS CUP.
FINLAND DECIDES TO COME INTO COMPETITION.
ence equal to a further shilling a ment if during the five years, the hundred waleht, which would be sterling wholesale price of foreign allocated by the Colonial Office sugar exceeded 78. 9d, a hundred-
the sugar among
producing weight. colonies in proportion to their ox-
Mr. Chamberlain sat down Forts. The sugar changes would tho conclusion of his speech at 5.16 become operative, as from top.m.
morrow.
Teturning to Gold.
Helsingfors, Apr. 19. Mr. Chamberlain indicated that Finland has reconsidered its the exchange uncertainty preclud decision regarding the Davis Cuped Britain's Immediate return to and has decided to enter the com- gold.
At
Mr. Chamberlain referred to the interim report by the Tariff Ad- number of recommendations and visory Committee, containing a additional duties, details of which would be published later in the week. He estimated the revenue
Reuter.
petition. She has been drawnŁ "We do not know when and un- therefrom for the purposes of the against Hungary. -Reuter.
der what circumstances we might Budget at 25,000,0
KING'S THEATRE
ONE RECITAL ONLY ..
FRIDAY, 29th APRIL
at 9.30 P.M.
ALEXANDER BRAILOWSKY
EMINENT RUSSIAN PIANIST..
PRICES:-(Including Tax).
Front Stalls Back Stalls PLANS NOW OPEN
$3.00 Orchestras $2.00 Dress Circle
$4.00
$4.00
BOOK EARLY.
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LABEL
TO-MORROW AT THE QUEEN'S.
GALSWORTHY'S
AMAZING DRAMA OF HUNTED
SCAPE
with SIR GERALD DU MAURIER.
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