1928-10-04 — Page 2

HONG KONG AND SHANGHAI | BANKING CORPORATION.

行银商工法中

BUDGET DEBATE

(Continued from Page 1.)

Auskool Caplist

Loved ned Fully Paldrup canvas $38,008,100 Barva Prade

Weng memuat 1,000,000

Benners Liabilty of Proprietors cons890,200,100

-.

BRAD OFFIOR: HONOTONG

COURT OF DIRECTORS |— A. E, Compson, Eng, Obairmas.

N. H. Brown, fag.

Deputy Chairman,

Wan Mr. B. D. F. Detki

*M, B. Bell, Esq.

W. X. Pettendom, Ing. 7. A. Plumber,

**p Mr. O, Q. 8. Maskis. T. G. Waali, Kag

I. P. Whlin, Esq. Chial usage

P. W. Money. Eaq.

AMOX

MANOKOK

WATAVIA

"BOMBAT

don. Mr. & G. Biznes

-OLLOUTTA

DRANCHES 3. ».

LONDON

LYONS

MALACCA

MANILA

KOUNDER

КАПАНАК!

NEW YORK

FEKINO

PENAND

*CANTON

OSEFOO

COLOMEO

OLIRE":

•

POROUG

HANGOON

HAIPHONG

BAIDON

KAMBUBU

НАЯКОЙ

SHANOBAL

HARBIN

SINGAPOR

HONOIZW

(LONLA

COOLE

JOHORK

сове

KUALA LUMPUR

BAN PRANCISCO

SOURABAYA

SUNGEI FATANI HENTAIN

TOEVA

TAINGTAQ

YOKOHAMA

Perren Accounts spesed in Local Dugganay Fland Deposila required for one you Á skartar periods in Local Curmnoy and Bioeling en derosa which will be quoted on applionilos. Hong Kong, 10th Seploraber, 35r28,

HONG KONG SAVINGS BANK.

The Duke of the above Dansk is ocedusk

HONGKONG AND BUANGBAT B48XINU BURPURATION.

stuninni sa application.

FOR THE HONGKONG BANKING CORPORATION.

Bales may be

a. BANGSA

.. HTHES,

Chial Manager.

Moug Kong, 18th September, 1007,

NEDERLANDSCHE HANDEL

MAATSCHAPPLI.

NETHERLANDS TRADING LOCISTY}

ДАНЕНИЯ

Katabilehed 1964).

Hong Kong Ufoes-11 Queen's Etɔad Central, Authoritas Capisal, Oudere 160,000,000- (32.300.000) Fed Up Capital Guildmen 8,000,00

(46,906,479.) Beverre Fuck

Bulldare $9,000,00

load utics :-(AMSTERDAM").. Kod O-BATAVIA. BEANCURS 2-andjarmasin Bandoeng) Bomb63,

Calausta, Charbon, Jlidah, Djembed. Djakjaka The lagus")," "Kobe, Kosa-Bedja, Makmaar, Medan, Fading Palembang. Yakalongan. "Ponnuagi Pontians, Bangoun, sterdam"}, Bawang"),

Ebelg Shanghai, Eingspos Scarabula, (Solo). Tagal, Tjumslagi

and Weltevreden.')

'The Doe have asta dopasir baxa; to let Lacon Bankers-National Provincial Bank 14. Correspondanta "all over the world

Danklag busiossa of wysty

description trazasɔled.

O. STEENSIAL,

diong Kong, Wich August, 1939.

Manager.

BANQUE FRANCO-CHINOISE pour la

Commerce et l'Industrie (Incorporated in France),

Prince's Building, Chater Road, Roy Keat.

HEAD OFFICE: 74, Bus St. Lazaro, Paris,

Capital tally paid up ....Fr6.50,000,000 Special working capital. Fra.60,000,000 Fra 22,319,008

Kontras

BRANCHES:

Paris, Igma Marelles, Salgen, Haiphong Himol, Tourans, Quinher, Hus, Thank-boa, Viah, Prom' Penh.

Paking, Shanghai, Tentsin, Hong

BANKERS:

FRANCE:-Beciete Generale, Banque Nationals, de Credit, Banque de

Paris at des Paya Baş. LONDON:—Midland Bank Ltd. NEW YORE: American Exchange Laying Trust Co., Banca Comimer

ciale Italiana.

SAN FRANCISCO:--Bank of Italy.

Byury description of Banking and Exchange Business Transacted. Cor respondents throughout the world,

L. BERNIS,

Hong Kong, 3rd August, 1928

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON.

►

N

THE CHINA MAIL,

Harbour Pipe-Line

year. I need not labour this point | 12 months falls short by some 2a as on several occasions, particular-million gallons. ly at the Budget meeting of this Council last year, I have spoken at some length in support of that polley.

the

Sir Shou-son Chow.

With Your Excellency'e perfs- Sir,-Our veteran leader, the items of revenue and expenditure slon, I shall now turn to individual Hon. Sir Henry Pollock, having in the Estimates. Quite the most temporarily left us to join the off-important problem facing cial ranks, where his presence re Colony is that of water supply for presents a gain to the Government the island, affecting, as it does, the and a loss to us, the duty of voicing greater bulk of our population.. the collective views of the Unoff The Unofficial members are glad to efal members of this Council on the learn from Your Excellency that Budget has again devolved upon whichever scheme is finally adopt me this year. I shall endeavour to ed, it will be pushed on with the ut discharge this duty to the beat of most dispatch. my ability, leaving my honourable unofficial 'colleagues to bring for- ward individually any special points

Hardship Aggravated

Д

The Aberdeen scheme is esti mated to give an additional daily supply of 2.12 millions at a cost of $2,627,000, and will take approxi ay in 1981, at the earliest. By this mately three years to complete time it is estimated that the re million gallons a day against an quirements of the city will be 11.2 estimated supply of 9.87 millions (7.25 plus 2.12); whereas the quantity of water available daily for the island from the Shing Mun first and second sections by 1992/3 during the minimum dry period will be 4.36 million gallons, making total minimum supply of 11.6 million gallons. It is not possible to, compare the relative cost of this scheme with the Aberdeen one, because the necessary supply for Kowloon has first to be considered in the case of the former scheme.

In the matter of the pipe-line across the harbour there are, also, two schools holding different views, One school favours bringing the pipe-line across in a concrete tranch under the bed of the harbour at a cost of about $2,000,000; and the other advocates the laylog of a pipe-line on and along the bottom at a cost of some $300,000,

unanimously unofficial members favour the second scheme. Even if the pipe-line required extensive re pairs from time to time, even if it were completely scrapped after, say, five years, the total expenditure in five years on the cheaper scheme would still be appreciably less than the annual interest charges on the coat of the much more expensive

The

Much valuable time has already o which they may wish to call the been lost in considering alterna- attention of this Counell.

tive proposals, and the people have Speaking for the unofficial mem-meanwhile been suffering great bors, I wish to congratulate Your hardship through the acute short- Excellency upon your first Budget. age of water. Such hardship has I also wish to congratulate the Hon. been more severe this year than for the Colonial Secretary in the same many years past owing to the un- connection, for the present Budget usually dry Summer. Aggravating is his first as well. The pleasure the position also has been the some it gives me to convey the compli-what peculiar phenomenon of a re- servoir that, was full to overflowing ments of the unofficial members in Manager.

this respect is the greater because one week and almost empty a few the Budget is one that must be con-

weeks later! I refer to the Pok sidered satisfactory, alike for the Kúlum Reservoir which supplies the sound financial position it reveals, western part of the town-prob and the able and clear manner inably the most thickly populated dis

It la trict of the entire Colony. which it has been presented.

Taxation in Two Kwangs *r to be hoped that the Water Author- We fully agree with the conclu-ity will look carefully into the pos- slons reached by Your Excellency; sibility of enlarging the holding £6,000,000 regarding existing conditions of capacity of this reservoir. I am trade in South China, and the fae-given to understand that it has not .£3,000,000

tors you consider to be responsible been dredged since its completion for these conditions. With Your many years ago; and it is obvious Excellency we sincerely hope that that there must be some thousands the work which the Governments of of cubic feet of silt which should scheme.

be cleared. I commend this matter Kwangtung and Kwangsi are now!

to the serious consideration of theAnd we should, in addition, have doing in the suppressing of piracy.

Government. and brigandage will not be relax-:

gained practical experience. of the ed; for the return of good order in'

There are two schools each ad- utmost value, while solving an ur- the neighbouring provinces is the;

vocating a different scheme for gent problem that permits no de most important atop in restoring dealing with the problem of water lay. The cheaper scheme has the the prosperity of Hong Kong no less is for constructing a reservoir at that it could be completed in far supply in the island. One school further important, recommendation than that of the two Kwangs, with Aberdeen in addition to completing less time! thus the harassad public whose future our own is so closely the first section of the Shing Mun would have the linked. While respectfully joining scheme and bringing the water with Your Excellency in congratu-Į

Paid-up Capital ... ..£3,000,000

Reserve Fund ... Reserve Liability of Proprio-

tors

Agencies and Branches: ALOR STAR

HUCHING

AMRITHAN

BANGKOK DATAVIA NOMBAY VALGUSTA CANION CAWAPORN CEBO DOLOMBO DELITI

MADRAS

MANILA

MEDAN NEW YORK PREINA PENANO PESHAWAR RANDOON BAIGON SEMARANG SEREMUAN SHANGHAI

HAIPHONG

HAMBURG

BINGAPORE

HANKOW

·BOUWAHAYA

HABRU (N. Manchuria)

TAIPING

TONG T080

TAVOY

ЖАМАСЕТ

11DILO

IPOK

KLANG

ков

KUALA KANGSAR

Porsk (134)

KUALA LUMPUR

(FNB)

TIENTSIN

TOKYO

TOROKAH (Dhuket)

TSINGTAO

YOKOHAMA

ZANEDANG

(Philippine falanoda)

ing business transacted.

Manager.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO).

HEAD OFFICE:-Taipoh, Formosa, Incorporated by Special Imperial Charter, 1899.

Central Bank in Farmoss.

Average amount..

Bank-Notes issued Yen 45,000,000

lating the Governments of the two across to the island. Kwang Provinees in the great en-

Return to Normal

Rival Schemes

Western District

satisfaction of

of

knowing that a million precious gallons now running to waste every day on the other side of the har- bour was being brought to the island at the earliest possible mo- ment. The relief that would be afforded to tens of thousands people in this way would be incal- culable-so much so that it cannot be measured in terms of money.

The Unofficial members are plens. ad to see that the Government is proceeding with the policy of re- placing existing principal mains in the city with larger malas so as to

Foreign Exchange and General Bank-deavour they are making to ad- The other school is for pushing Current Accounts opened and Fixed vance the welfare of the areas over on, with both the first and the Deposits received for 1 year or shorter which they rule, we wish at the second sections of the Shing Mun 4 periods at rates which will be quoted same time to support your view that scheme with all possible speed, not

on application,

the hand-to-mouth policy which the relying upon the Aberdeen reser- A. H. FERGUSON,

Chinese merchants are adopting is voir, and to bring the Shing Mun in a large measure due to the un-water across in the quickest pos- Hong Kong, 3rd April, 1928.

certainty they feel as to the taxa-sible way, namely, by laying a pipe- tion which these Governmenta may line on the bed of the harbour. Impose in future.

The unofficial members unanimous ly support the second proposal for The tribute which Your Excel- the reasons which I will now give tency paid in your Budget speech The Aberdeen scheme, whilst it openable a greater supply of water to to the untiring labour of Sir Cecil penre to lend itself to economicat Clemsonti for the reopening of development, would seem to be a friendly Intercourse between Hong short-sighted policy to adopt, as Kong and Canton has our warm calculations go to show that based support; and we sincerely hope that upon the present annual percent by the time Sir Cecil returns to the age increase in the population of Colony the tact and patience he ex-Hong Kong there will be a def- BRANCHES AND AGENCIES: JAPAN:---Tokyo, Yokohama, Kobe, pended in this cause will have been (ciency by 1931 in the island's sup-

Denica.

rewarded with even greater success.ply, even with this scheme com- FORMOSA:-Gran, Eag, Karenko,

Dealing with the actual

Comparisons of existing Esti-pleted. Kalang, Makong, Nanto, Shinmates, I should like first to say that capacities and estimated require chiku, Talchu, Tainan, Takao, the unofficial members have been ments of water for the island show Tamani, Toen, Heito, Taito. CHIYA: Shanghai, Hankow, Amoy, gratified to learn that when the that at the present time the former Foochow, Swatow, Canton, financial year closes the estimated falls short of the latter by some OTHERS: Hong Kong, Singapore, revenue for 1928 is likely to be 2.75 million gallons a day. In ac

Boerabaya, Semarang, Batavia, Bombay, Calcutta, London, New exceeded by the sum of not less tual practice this shortage can be York, Dairen.

than $2,571,000. This I think may rectified to a certain extent by in- be taken as evidence that condi- creased pumping, but the fact re- tions in the Colony are gradually mains that for the ordinary con- returning to normal. We do not sumption which is modeatly esti- forget that of this increase a sum of mated at 10 million gallons a day in over $1,000,000 is accounted for by 1928, a full supply throughout the

and sales which cannot legitimate.

SANQUE DE L'INDO-CHINE:

HEAD OFFICE:

96, Boulevard Haussman, Paris,

Suscribed Capital. Fra. 72,000,000.00 -Up Capital .....FT8.68,400,000,00 Reserve Funds .....Fr.102,000,000.00

BRANCHES: dangtok. Hanoi Quinhon Battambang Hong Kong Saigon Cathe Mengtze Shanghai Canton Nam-Dink Singapore Ijbouti

Noumea Tintin Fort-Bayard Papeete Tourane Haiphong Peking ZAMKOW Pnom Penh Yunmuat

Pondicherry

BANKERS:

LONDON BANKERS:

The London County Westminster and

Parr's Bank.

The Bank has Correspondents in the Dommercial chuca, Tulagino, Japan, Indo Chian, Elam, Ind Philippias Elands, Java, Lírica, 0.8.A., Aural

Cuir en Europesa Conless, Busia, Mane

IN FRANCE: Comptoir Nationals allowed an Current Accounts, and Fizelly be regarded as steady income; d'Escompte de Paris; Credit Lyanath, Dejoulares which will be quoted on applice Banque de Paris et des Pays-e. Depoise in Yed, can be acceptaci

Credit Industriel et Commercial; Societ -Generale.

IN LONDON: The National Pru- vincial & Union Bank of England, Liu, Comptoir National d'Escompte --La Paris; Credit Lyonnais, a

IN NEW YORK: J. P. Morgan a Co.; French American Banking Car poration; Guaranty Trust Co. of Naw York

Interest allowed on Current Accounta and Fixed Deposits according to AITKEgomenta.

Every description of Banking and Exchange Business "transacted. Safe Deposit Boxes to let

CH. LEM,

Manager.

Hong Kong, 28th August, 1928.

~J. IHARA,

HONG KONG BRANCH:

Manager.

3. Des Voeux Road Central, Hong Kong, 22nd September, 1927,

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Fresidential Mandate of the Republic of China on the 22nd of November, 1917).

Authorised Capital Paid-up Capital Peserve Fund

none the less the bigger demand for building sites can be taken as proof of a further increase in the population, as well as a healthy sign that confidence in the future of the Colony is being restored.

Conservative Policy

. From the Budget we see, that the estimate of revenue for 1929 is nearly $400,000 below the revised estimate for 1928, a fact which clearly indicates that the Govern- ,550,000,000.00 | ment is pursuing a conservative

18,278,600.00 policy, in budgeting. The Unoffi-i

·0,629,425,24 (cial members of the Council entire. ly agree with that policy, because; as Your Excellency pointed out at the last meeting, land sales may fall off when the immediate demand for more building sites has been satisfied.

HEAD OFFICE: PEKING,

TONG KONG

BRANCH:

-4, Queen's Road Central, Branches and Bub-branches all over THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe,

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Reserve fund ....... Yen 102,500,000 Head Ofce-YOKOHAMA.

Menachos and Agemelan'ats Alexandria.

Newchwang. New York Osaka... Feking. Bangoon. Rio de Janeiro. Saigon.

AJTOS.

San Franciaco

Beattia.

Bemarang.

Shengkai

Sidmonesald

Bingapore. Sperabaya... Bydney.

Tjentain.

Tokyo.

Tainanfu.

Tulistan.

Vladivostok.

„America, and other parts of the world. Lendon Bankers: The National Pro- vincial and Union Bank of England,

Although normal conditions are slowly returning, times are still none too good in the Colony. The The Guaranty Trust Company of whole community is therefore more than relieved to find that the Gov- Now York

New York Bankers: The Irving ernment has decided not to resort National Heal

The Equitable Trust Company of to fresh taxation, but is striving, [New York,

Instead, to meet the Colony's re quirements out of surplus balances,

Manager.

be passed from the main reservoirs to the West end. The present acute shortage of water in the western district is due in some measure to the insufficient pressure of water from Tytam to the West side, for even when there is an ample supply of water in the Tytam reservoir, the pipes are so amall that the west- ern district still receives only a limited share. Consequently the assurance

given by the Govern- ment that this work will be con- tinued with all possible expedition has given great satisfaction to the community.

Complaints about Meters Before leaving the subject : af: water supply, I should like to refer to the issue of water-meters. From time to time complaints have been (Continued on Page "b.)

WILL HER DREAM COME TRUE?

How Many Anaemic Sickly Girls-

Have Won Happy Healthy Wifehood and 1

Motherhood,

at

L

THURSDAY, OCTOBER 4, 1928.

YOUNG'S MOUNTAIN DEW

"The meal original

Ask For

YOUNG'S

MOUNTAIN DEW WHISKY. LONDON DRY GIN.

Blocked By

Messrs. CHAN YUEN,

6, Cochrane Street, Hong Kong

Mesra, HUNG CHEONG, 66, Nathan Road, Kowloon.

Sole Agents:

WAI ON TSEUNG, LTD.

243, Des Voeux Road Central,

Tel. G.711

GRAND TATTOO

THE HONG KONG HOTEL GARAGE WILL RUN A CONTINUAL BUS SERVICE TO AND FROM THE TATTOO EACH NIGHT, STARTING FROM BLAKE PIER AT 7 PM, AND FROM CAROLINE ROAD, (NEAR THE FRENCH CONVENT) FOR THE

RETURN JOURNEY.

FARE TEN CENTS

THE HONG KONG & SHANGHAI HOTELS, LTD.

DAILY CROSS-WORD PUZZLE.

(This cross-100rd puzzle has been made by an expert but our readers are warned to look out for occasional phonetic spellings, such as karbor, plow, and althọ.)

10

13

17

20

.

14 5

伯

18

19

21

$23 [24] ·

26

28

36

38

39

HORIZONTAL `l-Flaco of combat

B-Stop 10-Sparring 12-Certain cut of park (pl.) 13-6kip over 14-incursiona 16-Pronoun 17-Large container 18-Denominations 19-0 account of 20-Printer's measura 21-Copyista 22-Bone of the arm, 23-Baity

25-Units

26-8peaks.

27-Appointment

28-Departed 20-Earns 31-Ripped

32-Mixup

33-In, respaòt 'to'

25

40

130

33 34.

© THE INTERNATIONAL SYNDICATI

HORIZONTAL (Cont) VERTICAL (Cont)

36-Exist

36-Founded

37-One spot

|39-Ladies' garment

38-Pronoun

40-Formarly

41-Canvey

42-Maritad

44-Rock

45-Signs of sorrow

VERTICAL

1-Over

2-An'ancient people a-Outlet

4-insect egg 8-Artiola

6-bred fallowin 7-Printer's measure

B-Bronze coin of

Rome

-Additional

| 11-Leef vegetables

12-Girikia 15-Land mezzura, 16 Electrical' atome 18-Grudge 19-Nimble 21-Unsccbmpanied 22-Unfasten 24-Love

25-Having cars for.

propulafön 27-Cancal 29-Blood 29-Portion 30-Kind of game 81-Domesticates 82-Poat [84-Nourishes }30-Large bundle §37-Girl's name

89-Any protuberande 40-Mineral rock 141-Vary- 145-Near

SUGGESTIONS FOR SOLVING CROSS-WORD PUZZLES

Start out by Alling in the words of which you feel reasonably sare There will give you a clue to other words crossing them, and they in turi.. to still others: A letter belongs in each white space, words starting at thi numbered squares and running either horizontally or vertically or both.

(The coluiten of the above cross-word puzzle will appear in to-morrow'a lasus along with a new aross-ward

puzzle.)

YESTERDAY'S SOLUTION.

RESPECTED

* Entercat allowed on Current Accounts

and Fixed Depaalta. Terms on applica- and, when necessary, by means of Tens of thousands of girls lose man, whose prescription proved tion.

Eray duscription af Banking Dual-public loans. Until times have imhome because of their wretched, state] tics that he arranged for it to bel

their opportunity of a husband and no successful, in his private prac proved to a much greater extent of health. Nature has implanted an made available to the whole world, and Loans grasiad on approved securities. the Colony is not in a position to instinctive selection of the healthiest this lathe prescription obtainable Special facilities for Home Ex-stand suy substantial increase in for love, and marriage; it is only na. everywhere to-day in the form of Dr. change

SHOU J. CHEN,

taxation, without the most serious tural for a man to choose health and Williams Pink Pills for Fale People. effects on its trade effects which beauty and these go hand in hand. Are you a sufferer from life-blight- would have immediate re-actions on True, thousands of girls and women cheeks bloodless! Do you lack ay

Itig: Ansemis? Are your lips" and marry who are unfit for marriage. petite, bright spirits, sparkling eyes? the public finances as well as on But theirs is, almost a worse fate than Then follow the example of the thou-DANCE HOROR THE BANK OF CANTON, LTD. the general prosperity of the that of never marrying a many of sands of girls and women, sweet-

Colony.

INS PEWTER EXTRASK ilt-health

hearts, wives and mothers, who have the bitter tragedien of marriage, } Water Supply:

CAR CHEATHA SOF The Unofficial members agree What is the chief cause of alckner Rained robust health by taking APLEGE O CEPHER

Williams Pink Pills These Pills with the Government that large and figures, pallid checks white lips, lack whole rystem is invigorated with new and suffering, of gaunt faces and strengthen the vital organg until the

LADLE DAG WIGJE 700E BENUT CAKE important public works should quite of appetite and spirits, and general life. They not only rapidly purify

doOAL NICKEW properly be financed by means of enfeeblement among girls, and young and enrich the blood but they actually

{AIBIOIN KNRIS LEDA public loans, so that posterity which women? Undqubtedly it is. Anaemia, make new, rich, red blood at every

FORIND VAN SEXIEIS henents as much as, and sometimes or bloodlessness, the blight of woman dose. Let them begin their good

CUSTED N ACDCAP hood the world over Bat happily work for you, to-day. Chemiata every more than, the present generation, there in a way back to health for whare wall theme. But be ance to tak SimT CNATUUR INS should bear Its share of the burden. anemie, sufferers through the dise for and insist upon kaving, At any rate, the present generation covery of

of an eminent

Established 1932. Head Office:-Hong Kong.

CLE, Our #1100.00

NDENTË

BELAN

has to pay its quote of the Interes DR WILLIAMS PINK PILLS.

and sinking fund charges on all fou „loans, as they fall due from year fo

(DEUTROYE

HONG KONG HEIGHTS

For the Information of visitors the following list of some of the thighest points on the Islstidmand

Mainland is published:

Victoria Peak, Signal Station Mt. Parker Mountain Lodge The Eyr Peak Ho

Bowen

Fest

1823