HONGKONG'S SOCIOLOGICAL AND FINANCE PROBLEMS
-CONSIDERED
(Continued from Page 8.)
ABNORMAL VALUATION
THE HONGKONG.
LETTERS TO THE EDITOR
H.K. HOUSING
$2,000,000 To the Editor,
TELEGRAPH, SATURDAY, OCTOBER 15,
RADIO BROADCAST
"Southampton Docks" And Other London Relays
HOTEL ORCHESTRA
Radio Programmo Broadcast by Z. B. W. on a Frequency of 45 k.c's. 011 9.53 m.c's, per and 8-11 p.in. and on Short Wave from 1-2.10 p.m.
Hongkong Telegraph. Sir,--Mr. Owen's Plan is excellent, fault which is, that height from floor Recond. with the exception of one main
casential in the to celling is only 8 feet. A minimum of 10 ft. 9 in. is troplen.
Without Government assistance, alums cannot be swept away.
0.00 Beethoven-Trio in D Major Op. 70, No. 1,
G
Played by Hephzibah Menuhin (Piano), Yehudi Menuhin (Violin). and Maurice Eisenberg ('Cello).
ISA 6.27 Beethoven-Sonata Major, Op. 49, No. 2.
Arthur Schnabel, (Piano). 6.38 Closing Local Stock Quota-
If only the Government would think a little less of Revenue on land sales, and stipulate that all futuro buildings must have a width of not less than 20 ft. It would immediate- ly bring about an Improvement in tions. housing conditions,
"At present, new building lots are offered for ante with only a width of
10 feet.
interest would have to be compara tively low and therefore to be attras;| tive must to guaranteed. Share capital; would be covered by properly erecte, and as can be seen from Table & Appendix IV, there is every prospeci of a steady increase in the value of this| cover for, no a district matures, shop! rents could be raised without inlet- ing any hardship. By this method the cost would be limited to payment of -outskirts of development for 50 cents interest during the period of construc per square foot, or even less. At first tion and the dunell between income and glance at the valuation tables this doos interest rates in the early years. On not appear to make much difference to an average expenditure of the rents required for upper floer fiate and interest no 44% this would be Actually however for Type A under bolween $79,000 and $35,000 per annum private ownership it makes a difference so long as the building programme 02 $7-$8 on the whole house. In the lasted. In the later stages of develop- valuations it has been used that ment it is possible that higher interest this incranee is nimost entirely counter- rates than 8 would be drawn from balanced by an increase in shop tents, the earlier portions of the development but, if this cannot be obtained, it must and this might cover partially, or even
As an nudi-i he charged to the upper floor tenants. wholly, the annual deficit. Actually it represente a saving of $1,000, tional Inducement to investors a pony!. per house. If 8,000 houses are to be ble course is to pass on any increase erected (the estimated shortage) the) in renta until 4% Interest is being paid. total saving with be $8,000,000.
Thereafter any further Increase might be divided between the building con- cern and the shareholders. It reente 70. Normal practice, in tongkong, fairly certain that, if this molhad of in valuation work, is, to reckon un 8% alaing funds be adopted, Government interest clear of all outgoings, but it would have to provide the guarantors. 74. It will Lo noticed that in the is not normal to reckon ne an outgoing
differ the amount required for alnking fund Tables in Appendix IV the valuations
Government ownership to replace worn out buildings. An under average of 2 for sinking fund would somewhat, from those for private owner be reasonable, and it allowed for a ship, it is expected that under Gov part of cunning costs, would reduce nett ernment ownership building, would be
are better constructed and better mala- less to build than a 20 feet one. By Interest to 6. Usual outgoings Crown Rent: fates, Insurance and of cover of wo ft. wide house, the paita, and Empties. House property In Replacement of buildings therefore Government will get less money of land but what of it. Hongkong is not held by a small group could be deferred longer and the neces- per foot
There is plenty of land for sale and of wealthy landlordas It la distributed mary contribution to sinking fand re- of landlords duced. The rate of Interest which the
the reduction in price may only be ninongst large number
ench, and for sinkin fund is likely to derive will owning a few houses
Another important point, which many of the rent from their houses is probably be lower in the case of the from 10 to 20 per cent.
owner than in the their sole means of livelihood. These smaller property landlords must rely on a certain profit can of Government, with the latter, perhaps is not generally known, is or go out of business. Reference 10 operating in much larger num and at the house owner must pay for the valuation tables shows that nurm-with greater opportunities for invest the laying of paveinenta bath in a bigger senle the front of and behind his house. The ally therefore the lowest figure for ment. Working on which they can rent as upper floor in risk of empties and defaults is tuchowner is not permitted to lay these the work to the P.W.D. and pay the Type A is about $18 or $10 per month, reduced and, with a larger turnover. unless an unusually high rent in obtain rates of interest can be reduced. For Pavements himself but must leave
Government for it. ed for the ground floor shop. How thenther, Gavernment enn afford to encry innurnner. There is however cast they cater for the needs of those its own
ane Item wilch must appear under who anximum rent must not exceed $7 per month? Even for this class twe liaverument ownership, which is alrent or more families must share a floor; from the valuation for private owner
Bagement":sions, for those who cannot afford even this ship.
his own small rent overcrowding is inevitable. The amali landlord collects With Type house under almallar cirrent and deal with his property. The cumstances the rent for a single door large property owner must employ rent
collectors. is reduced to 50 per month or prac
75. For rehousing the poor, manages for Type A. tically half the rent
meal must not be ennfard to rest 1.egally howover Type A could accons
whilst collecting but must include social work modate two
families normal
one. The well and the cost will therefore in house Type could only
higher. In some quarters it is con-
thin rent por fatally would therefore remain
type of the same but the accommodation pro-tended that, although vided in Type I to a great improve management costs more, in the long ment over that in Type A. The rent run It Is the cheapest form However is still nearly twice as high as the level required.
71. Table 3 Appendix IV shows the same types of bousing as in Table 2 but with one change in the conditions; they are considered being
да
under Government. Instead of private, owner ship. At 60% nett interest the lowest rent for a flat in 8 per month com- pared with 30 under private ownership. Under Government ownership the pro vlalon of housing would be carried out na social obligation and nvi na a pro- Atable business. Interest at 4% would therefore be ample to cover intorent on borrowed money and rents could then be reduced to 80 per month. If how ever money for building purponea in borrowed a sinking fund must be pra vided for amortisation of loan and thin would raise the flat rents up to about of the $7 per month, the top limit desired scale.
AZO
of a
That item
This type of management would be new to Hong- kong, wo no accurate estimates of local casts can be made. The figures shown under this Item in the valuations aro based on Bgures worked out for Eng
and, where 4% of rent is normally allowed. For Hongkong an allowance has been made of 44% renta for A and 1 type housen under Government ownership with land values of $0.50, $1,00, and $1.50 per foot and has been adopted a fixed charge for Type A, four storied and Type R. five storied. Some reduction wn considered Justifiablu storied hoинев.
on
Average
aquero
for Three
STOCK MARKET REPORT
The Hongkong Stock Exchange 72. A possible alternative to on weekly report, Issued at 3.15 p.m. in to raise revenue by means
yesterday says: special rate. Entes however
The market during the week was cluded in n tenant's rent and any in-
rater crcaso in
would certainly be overshadowed by the South China passed on and result in a ring in renta. invasion, when prices generally de- 73. A third possibility is to inclined, with sellers predominating Housing Shares, in the same way that Arm issues. shures in A commercial order to raise capital. To be a success
Prices seem to have found a level to some extent, ond at the cloe, }
TO-DAY
AT
THE
0.38
Songe from Wagner's Operas When round me "Tannhauser",
1 gaze; Jerum! Jerum! (Cob here bling Song)...........
Symphony by Albert Coates; Orchestra cond.
Einsam In Truben "Lohengrin":" Togen
(Elsa's Dream); "Taanbaliser'; Almacht'ge Jungfrau (Elisabeth's Prayer)....
Maria Jeritz (Soprano) W. Orchestra,
A 15 feet wide house costs much Baritone) and rich. Schorr
6.54 Wagner-Siegfried Idyll. Played by the Philharmonie-Sym- phony Orchestra of New York con-
7.13 Fritz Kreisler (Violin), ducted, by Arturo Toscanini.
(Massenet); Thats Meditation
accompaniment by Carl Tambourin Chinois, Op. 3 (Kreisler)
and
Piano
Lamson.
Orchestral This system, of course, provides
A Light 7.21 more Variety Programme with Derek Old- more work for the PW.D., Government servants, and more pen-ham (Tenor).
March Of The Toys (from 'Babes Yet it is so unnecessary and stupid, especially when the owner could in Toyland-Herbert); Pan Ameri cana (Herbert)....Columbia Sym- live the work done better at 60 per phony Orchestra under direction of Robert H. Bowers; Castles In The Air (Ross-Lincke); Always ('Puritan Lulinby-Dyrenforth and Smil
Derek Oldham chestra:
cent, the cost.
The cheaper the land, the cheaper the house and there is no excuse of
any higher rental.
MORE ROOM.
Old Friends'; &
with Or Potpourri
.Tom Jones Derek Oldham
my
(arr, Herman Finck).. and Ills Orchestra; WHIST AND TOMBOLA Medley; Intro: Sentry Song ("Ma-
dome Pompadour"'); Love in There will be a Whist Drive and heart awaking (The Merry Widow") New Moon ("Whirled Into Hoppi- Tombola at the China Light
ness"): Screande ("Madame Pom- Power Recreation Club, King's Purk,
the Vagabonds
Ali, must commencing at 8.45 p.m., on Tues-padour") Song of
("The Vagabond King'); day, October 18.
leave thee ("The Pirates of Pen- zance"); A wand'ring Minstrel I
Rose-Marle
"yers were in evidence, with sellers ("The Mikado"); being somewhat reserved.
Business Done During the Week Hongkong lanka 81,453, $1,400 Providents (New) 16.80, $0.00 Hately $103, 303
Lands K
Tramways $17.20,- $17.05, $10.70, $10% China Lights (Old) $10.00 $10
Electrics 9, $5915. $304. $59. $50
Maramana (London) 10/3
Shanghal Landa Sh. $7.00
Ewo Coltons S. $17.70
Changes (3.15 p.m.) Closing quotations Buyers China Lights (Old) #10.20 Electrics 50
Reilers Ifongkour Banks $1,400 Chian Lights (Old) $30.40
Hales Hongkong Banks $1,400 Hotels U
Trams 11614
Electrics $
China Lights (Old) $105
KING'S
HILARIOUS Is The Word For It!
You'll thank us for telling your "Here's the year's grandest romantic fun-festt" When Bob (How To Sleep) Benchley starts
off as the third person on a honeymoon... you just know there's trouble... but whol fun!... aheadl
ROBERT
MONTGOMERY
Rosalind RUSSELL Robt. BENCHLEY
Live Love and Learn
with Helen
VINSON
·MICKEY ROONEY MONTY WOOLLEY
Directed by Georgs Fitzmaurice Preduced by HARRY RAPE
also: LATEST MUSICAL COMEDY
CIRL'S BEST YEARS
FALL
BRAWL
LIVING, LOVING, LAUGHTER
HAPPILY EVER AFTER!
Metro
·BOOKING AT THE
THEATRE
TEL 25913, 25332.
Marie")....Derek Oldham (wenor) with Orchestra; Fantasia On Norwe gian Folk Songs (arr. Haland); In- tro: The wrong way song; I know a little lass; In the Church; In lonely times....Norwegian Light Symphony Orchestra cond. by Ingebret Haland.
6.00 Local Time Signal, Weather Report and Announcements.
8.05 London Relay London Log" 8.15 London Relay-Sealhampton Docks'
A dramatic survey of the life of tremendous activity at the docks. Written and produced by Ralph Keen and Stephen Potter.
9.00 Sport Results including Inter- port Golf Results.
9.05 Light Opera Selections in- cluding The Geisha' and 'Dorothy'.
"The Geisha Vocal Gems..... Light Opera Company with Orches ira; "Dordthy-Selection (Cellier) The Band of H. M. Coldstream Quards cond. by Lieut. J. C. Win- drain; "The Student Prince" (Rom- berg); Vocal Gems....Light Opera Company with Orchestra; Selection... Savoy Orpheang at the Savoy Hotel. London..
9.30 London Relay-The News, 9.50 Relay of the Dance Orchestra from the Grill Room of the Hongkong Hości,
(a) Marcelia; (b) Citenclo; (c) Cumparsita; (d) Chavallyo.
10.05 Interval of recorded music from Z. B. W.
10.15 () Medley of Old Favour- ites; (b) My walking stick; (c) Now it can be told; (d) Alexander's Rag- time Band,
10.30 Interval of recorded music from 2. D. W.
10th
10.35 (a) Hillbilly from Avenue; (b) My bonnie lies over the Ocean; (c) Tai'ni
no good; (d) Swingtime in the Rockles.
10,50
Interval of recorded music
from Z. B. W.
11.00 (a) Le Bonheur Qui Passe; (b) Tales from the Vienna Woods; (c) Sylva; (d) The Broken Life.
11.15 Interval of recorded music from 2. B. W.
11.20 (a) Stranger in Pares; (b) I wanna go back to Boll; (c) I've hitched my wagon to a star; (d) Let that be a lesson to you.
11.35 Interval of recorded musle from Z. B. W.
11.43 (a) Love walked in; (b) Honeysuckle Rose; (c) Small Fry; (d) East Side Kick
12 Midnight. Clase Down,
(Continued on Page 15.).
A.R.P. LECTURE CHANGES
The Air Raid Precautions officer announces that instead of the lecture at the Lusitano Club on Monday, October 17, he will hold respirator drill and instruction at the Volunteer Delonce Corps Headquarters,
by kind permission of the Commandant and Omeers, at 6 p.m. -lg
It has also been found necessary to change the first aid classes at the Helena May from Wednesday, next to Thursday, the last two classes being on October 20 and 27 at 6.30 р.м.
The secretary of the Women's ARP. Union is. Mmm.. Murdoch, 192 The Pook.
At the
1998.
GLOUCESTER HOTEL
Special Dinner Dance
TO-NIGHT
(UNTIL 2 A.M.)
with
LORETT
and
BARBAKO
DINNER $5.00
RUBY KEELER
Ga Klity Carry
WALTER BRENNAN
1 Mr. Popham 1995
GISELA
and
ASTOR
NON DINERS
$2.00 COVER CHARGE
FOR RESERVATIONS PHONE 28128.
The deep-down springs of human love that make you laugh and cry. Kate Douglas Wiggin found them in a family America has learned to love.
•
And now the producers of "Little Women" bring theso living fiction people thrillingly to life on the scroon,
FAY BAINTER
01 Mrs. Corey
Laughter and heart. achel Ecstasy and tears!... Here's a throbbing memory you'll cherish
Forever.
RALPH MORGAN
el Captain Carey
MES ELLISON
Rolph Thurston
ANNE SHIRLEY
se Nancy Corey
MOTHER CAREY'S
CHICKENS
JACKIE MORAN
as Gilbert Corey
The Glorious Novel of American Girlhood!
PHYLLIS KENNEDY or Annabella
Surpassing all the thrillers over screened.......a picture that dares to be tender and true)
Walt Disney's
ADDED
DONALD DUCK
GOOD SCOUTS
DONNIE DUNAGAN
of Pater Corey
EKO-RADIO PICTURE -
also
SPECIAL RKO-PATHE CHINA WAR NEWS
and
TECHNICOLOR MARCH OF TIME
•W.D.P. Distributed by RKO-Radio Pictures Inc.
AT
TO-MORROW A QUEEN'S
THE
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