1929-09-06 — Page 8

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On the eve of the introduction of the Budget in the Legislative Council by His Excellency the Governor details have been publihed showing the estimated expenditure for 1930. The various items will be eagerly scanned by all who take an interest in the Colony's finances.

This week has witnessed the departure of two popular offices of the King's Own Scottish Borderers in the persons of Captain A. G. Dobbie and the Master of Napier.

In criminal annals a dastardly affair is reported rom a village near Farling, a full story concerning which appears in the "Overland China Mail."

In addition to a full supply of local news, sportsmen come in for a great deal of attention tennis, baseball, and lawn bowls all being reported fully and accurately by experts at the respective garnes.

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No. 3A. WYNDHAM STREET PHONE C. 22

"THE OVERLAND CHINA MAIL"

COUNCIL TOPICS

THE CHINA MAIL,

SDING MUN VALLEY WATER

SCHEME

HARBOUR DEVELOPMENT

Speaking at the meeting of the Legislative Council yesterday the Colonial Serotary sald:

MONEY AND SHARES

On London- Bank, wire

1/11/ ... 1/11.3/16 Bank, on demand Bank, 30 days' sight Bank, 4 months' sight 1/11 %

4 'months'

sight Documentary 4 months'

sight

'On Paris-

Credits, 4 months"

sight

In rising is nuve the next motionCredits. standing at any wine I would ask Ifon Meators to book at the two following motions as may remarks will apply in general to all three motions.

As H. Meniers are aware the On demand second portion of the Public Works (1927) Lord was raised at the end of! last year. Up to that point our ex- penditure on loan works had been soinewind complicated though various steps had been taken with the full catarrence of the Council,

On Berlin- the On demand

Wire On demand

On New York- WeOn demand regmented the warks out of surplus | Credits, 60 days' sight 48% balances and in 1927 we raised a por On Bombay- tion of the linn, financing the works Wire partly from lean, partly from Surplus On demand Balances and partly from contibutions On Calcutta- Trom the Whalf and Godown Company and from the Imperial Government. On raising do second portion of the ican in 1928 we reimbursed our Sur- plus Balances and Buanced the work from La Funds and the contributions referred to so far as we could. Now we have reached the stage when, pend- ing the raising of a further inan wa are obliged to draw on oar Surplus Balances again.

The question of the size and date of the future loan and of the currency in which it should be fasued are at present

under consideration,

The position as it now stands is set oal in Appendices VI. and VI. of the Draft Estimates for 1950, and this and the tv flowing motions are for the purpose of clarifying the position and of obtaining the Council's formal ap- proval of the abluation of the sums set but in the schedule and in particular the Concil's approval of the expendi- turn of the sums required from Surplus Balances during the current year and during 1950, 07 the works themselves think is aarily necessary for me to speak. for they have all been ex- plained fully to the Council from time! to time and have received the Coun- cil's approval. The Waterworks with which alone the first resolution is con- cerneri have inorcuver been fully dealt with by Your Ruilency in your ad- dress this afternoon. It will be seen that we do not require to draw on our Surplus Balances for the Shing Mun Scheme until next year.

i new move (→

fost

کون

(a) That this Council approves the construction of the works connected with the Shing Man Valley Water Supply Schnure as set out in Appendix VI (a), Head 1, Sub-Head 1 of the drejt estinztes GP expenditure for IRO ፡፡

estimated an $4,158,500.40.

(b) That this Council approves of a sum of $3,500,000 out of the mid sum of $4,158,509.40 being charged to the Public Works (1927) Loan, and further sanctions the expenditure of $2,221,-) 876.42 ectually incurred up is Decem- ber 31, 1928, the expenditure of $1,122,274.10 estlanted to be incurred during the financial year 1920 and the expenditure of 895,849.39 estimated to be incurred during the financial year 1930, which three last mentioned suns amount in all to the aforesaid sum of $3,560,000

Harbour Development

On demand

30 day's sight (private

paper)

On Yekohama-- On demand

Gold Leaf,, 100 fine

(per tael) Sovereigns

T14 n

FRIDAY, SEPTEMBER 6, 1929.

For rates, literature and

Information apply Asiatic Building, Hong Kong.

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TO-DAY'S QUOTATIONS

T.T. on' London T.T. on Shanghai

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Banks

H.K. Bauk HK. Londaa Reg. Chartered Bank Mercantile A. & B. Mercantile C.

.$1230 n $12814 n

..£20 b

£32

£15 n

2/-/

27-

P. & O. Bank Bank of East Asia-

.$90

Insurances

11972

Canton Insurance Union Insurance North China Insurance

$630

.$030 n

.T160. b

12722

Yangtsze Insurance China Underwriters China Fire lusurance H.K. Fire Insurance

M$60 1

..$2 m

$310 b

.$760 S

46%

Shipping

Douglases....

.$27% a

H.K. Steamboats

$25 1

129

H.K. Tugs & Lighters

120%

Indo-Chinas (Pref.)

£45 s

1291

129%

On Singapore- On demand

33%

On Manila-

Indo-Chinas (Def.) Shell Transports (old) Shell Transports (new) Union Waterboats

Mining

$70 3

.200/- m

$22 s

94

On Shanghai-- On demand

Benguets Kailan Mining Ad.

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.02/6 u

Langkats (comb.)

B21⁄4

Langkats (single)

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Shanghai Exploration

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Shanghai Loans

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Raubs

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100

Tronoh Mines

.21/- b

Docks, Wharves, Godowns, &c.

II.K. WharvER

.$129 b

(Bank's

10.00 2412

H.K. & W, Docks

$3234

China Providents

.$4.30 b

Hongkows

.7184 ap

3% dis.

Nominal

New Engineerings

T7.30 b

3142 5

Ewo Cottons ....17.80 b 18.05 s [18* sa Shanghai Cottons (old) ...T91 b Shanghai Cuttons (new).T58% b Zoong Sings

Til b Lands, Hotels & Buildings HK. & S. Hotels

...$8.60 b

Shanghai Lands

.T154 b

4.84 23/32

Humphreys Estates

.$14.10 b

34.89

H.K. Realties

.88

25.185

Chinese Estates

b 3.10 sa .$98 s

Amsterdam

12.094

HK. Territorials

Milan Berlin

92.695

Prince's Buildings

20.37

Stockholm

18.10

Copenhagen Oslo

18.215

Public Utilities H.K. Tramways Peak Trams. (old)

13.205

Vienna Prague

34.44

Peak Trams (new) Star Ferries

$6.05 n .$65 b

16894

China Lights (comb.)

Pharmaceutical Chemists

Helsingfors

193

China Lights (old)

Madrid Lisbon Athens

32.905

China Lights (new)

.$13 b $1234 b

22. Des Voeur Road Central

108.20

China Lights 1928 issue

375

H.K. Electrics (old)

.$59% b

Bucharest

819

H.K. Electrics (new)

Rio

5%

Macao Electrics

...$23 b

Buenos Aires

47 7/82

H.K. Telephones

.$6.90 b

1/5%

China Buses

.T14% b

2/4

1/11 18 1/11 3/82 21%

Singapore Pref. Sandakan Lts.

buying rate) Silver (per oz.) Rar Silver in Hong

Kong

Copper Cash Copper Cents Rate of Native In-

terest

3% Prem.

1% p.8. Chinese Sub. Coin

25% dis. Hong Kong Sub. Coin Par.

LONDON EXCHANGES

Faria

New York Brussels Geneva

Bombay

Shanghai Hong Kong Yokohama

London, Yesterday.

120.975

Silver Spot....... Silver Forward

24 3/16 -British Wireless Service.

(e). That this Council approves the tions the expenditure of this sum of expenditure of a further sum of $1,080,228,74 from loan furds during $579,150.61 on the said Shing Man the financial year 1928. Valley Water Suppl. Scheme during (e) That this Council authorises in the final year 1930, which sum respect of this work an advance from shall be met from a further loan and the surplus balances of the Colony of shail meanwhile be charged as an ad-the sum of $78,114.17 in the financial vance from the surplus balances of the year 1928, of the sum of $466,000.00 in | Colony.

the financial year 1929, and the sum of $249,500.00 in the financial year In rising to move the second of this 1930 of which sums $297,000.00 is due group of motions I might inform the to be recovered from His Majesty's Council that the contemplated Harbour | Government and the balance shall be Development is now completed. It met from a future loan. consisted an Honourable Members will

Aberdeen remember of the dredging of certain Hon. Members will, no doubt, remem Areas for the double purpose of inber that on Blay 2 last they approved proving the Harbour and of providing the undertaking of the Aberdeen Water filing for the Kai Tak reclamation. Scheme at an estimated cost

I move-

$2,702,000 and the expenditure of a That this Council approves the ox-sum of $550,000 during the current penditure of a sum of $419,771.26 on year.

The work is in progress and I Harbour Development as set out in Ap have now to ask the Council to ap- pendix VI. (a), Head 2, Sub-head prove the appropriation of a further of the draft Estimates of Expenditure sum of $1,000,000 to continue the work for the year 1930 and authorises this next year. The scheme is well known sem to be charged to the Puble Works to all Hon. Members and needs, I (1027) Loun, and further sanctions the think, no further explanation from me. expenditure out of this sum of the I therefore move:--

That with reference to the resolution

sum of $403.729.68 actually incurred

ot

Shanghai Docks

Cotton Mill

H.K. Lands ..5604 s 60/63.10 sa

Singapore Tractions

Industrials

China Sugars Malabon Sugars Canton lees ... Cements (comb.) Cements (old) Cements (new) H.K. Ropes (old) H.K. Ropes (new) United Asbestos

Stores, &c.

Dairy Farms Watsons Der A. Winge Lam Crawfords Mackintoshs Sinceres Wm. Powells

Miscellaneous

H.K. Amusements

H.K. Constructions

$18.30 b $11.80 s

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JAZZ CRAZE

SIR LANDON RONALD ON MUSIC TO-DAY

to December 31, 1928, and of the sum passed on May 2, 1929, this Council BRITAIN'S VIGOROUS ACTIVITY of $16,041.58 estimated to be incurred approves the expenditure of a sum of

in the financial year 1929.

Aerodrome

$1,000,000 during the financial year 1930 on the Aberdeen Water Scheme, the cost to be met from a future loan,

As regards the Aerodrome I regret and meanwhile to be charged as an ad- to have to inform the Council that this vance from the surplus balances of the Government has been unable to induce Calony.

the Imperial Government to increase its contribution beyond the £103,000 al-

J

Amendments Amendments passed by the Corneil, ready promised. The greater part of proposed by Sir Henry Follock and the cost of the Aerodrome, therefore, falls to be borne by Colonial Funds and seconded by Mr. W. E. L. Shenton, the amount originally provided in the asked for consideration of all the above Loan in the expectation of a larger con- motions to be deferred until the next tribution from the Home Gerarament meeting of the Council, which will be has proved inadequate. The comple-held on September 19, in order that tion of the Aerodrome which will uiti Unofficial members of the Council would mately involve buildings of consider be able to study the details concerned.

able extent if air services develop as

NOT A REAL TYPHOON 1

as we expect them to develop, will be a liability on the future loan.

Mean- while we are completing the reclama-REVIVAL OF "EAST AND WEST" tion and proceeding cautiously as re- gards any buildings but even so it is necessary to ask for this Council's ́ap- proval of an expenditure of $466,000

I move

DRAMA

Bir Landon Ronald, the composer and conductor, giving the last lecture at the British Music Industries Conven- tion at Folkestone, said there were those who told us that we were not a

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TO-DAY'S RADIO

BROADCAST BY Z.B.W.

ON 350 METRES

The following programme will musical nation, but he equld not ses be broadcast to-day from the Gov- Broadcasting Station how anyone, knowing our history and ernment our musical activity of the present Z.R.W. on 350 metres: musical nation.

day, could dismiss as as not being a 6.30-6.30 p.m.-Programme

Chinese Music,

of

"If Germany possesses a wonderful

7.48 p.m.-Evening Weather Re- musician in Richard Strauss, we pos- sees a wonderful musician in Edvard port.

8 p.m.-Evening Programme Elgar and many composers whose music, if it does not show the genius (Victor & H.M.V. Records supplied the courtesy of S. of Elgar, has very distinctive merits." through

"In fact," he added humorously, "we Moutrie & Co, Ltd.). are so far abreast of the modernist "The Yeooien Of The Guard," ́movement in music that nearly every-

que of our writers can write discords as hiddcous as those of any continental treak compover.

Selection,

The Band of H.M. Coldstreait. Guards.

In short, there is, "Symphony No. 5-Allegro-Vivaco" evidence among us of vigorous acti- (Widor), Organ Solo, Tired of being associated with vity in composition."

G. D. Cunningham." this year and $249,500 next year from crook plays, Dennis Nellson-Terry

Referring to jazz, Sir Landon sald "Bertram At The Rotary Dinner," the surplus balances of the Colony to is going to revive Typhoon", the theirs was a many-sided art, and quite "Bertram Addresses The Tenants," be reimbursed from a loan to be rais drama of East and West, which was E number of people were content to Humorous Talking by Will Kinga. ed at a future date

first presented at the Haymarket listen to inferior musle or to music as The Pilgrim's Song Of Hope," sixteen years ago and ran for over an accompaniment to their singing or "March On A Theme Of Handel," (a) That this Council approves the 200 performances. He will play dancing. "But, even in countries des Organ Solo,

Arthur Meale. construction of the Kai Tack Aero- the part. originally done by huse public for jazz. It proves "Lido Lady" (Rodgers), Selection,

finitely regarded as musical, there is drome at an estimated total cost of Laurence Irving, of a Japanese who acthing, and I look upon it simply as a $1,689,467, exclusive of contributions murders the white woman he loves.

Savoy Orpheans. from His Majesty's Governmint, as set and afterwarda commits suicide.

"Tannhauser" (Wagner), Overture,

Albert Coates & The Symphony out in Appendix VI. (a), Herd 2, Sub-

Orchestra. head of the draft Estimates of Ex-

Alerce forest fire between Nice polan's Poker Party," penditure of the year 1930. m

2nd St. Martin Vesukie has destroy-Hooligan's Ball," Comedian, ed miles of pine forest. Firemen

Bullion consisting of gold, silver, (b) That this Council authorises the and lead, valued at 365,000, which sum vf $1,080,228.74 out of the said was lost twenty-seven years ago in sum of $1,689,467 to be charged to the Slocan Lake, British Columbia, was Public Works (1997) Loan and sanc-recovered by divers.

parsing craze.

Frank Cruit.

and five detachments of infantry "MS. "Pinafore" (Sullivan),

Sriection,

fought the flames.

Tel. C. 4035.

EVANS' Pastilles

ANTIDEPTIC THROAT

The Band of H.M. Coldstream Guards. "The Twilight of the Gods"

(Wagner),

Albert Coates & The Symphony Orchestra Buss the Hoose," **Soosie McLean," Comedian,

Sir Harry Lauder. "The Dear Homeland" (Slaughter),

Song Of The Volga Boatmen,"

Bass-Baritone,

Peter Dawson. "The Valkyrie Fire Muste" (Wagner), Albert Coates & Symphony Orchestra.

"Ol' Man River," "Oh Lucindy,” Male Voices with piano, (

The Revelers.

"A Dream," "Humoreske," Organ Solo,

Jesse Crawford. "Country Dance No. 1," "Pastoral Dance No. 2,"

The Merrymakers' Dance No. 3,"

St. Louis Symphony Orchestra. "Le Secret" Intermezzo, "Piroustic,"

Victor Salon Orchestra, "The Song Of The Prune," "Down In De Cane-Brake," Comedian,

Frank Crumit. "Lady Luck" Vocal Gems,

The Vagabond King" Vocal Gems,

H.M.V. Light Opera Campany 10.30 p.m.-Close. Down.

Hart

Burned by an explosion of a tar storage tank in Messrs. Constable, and Company's limestone quarry works at Matlock, when thirty tons of tar caught fire, Joseph Taylor, of Wensley, died ir I hospital.