1930-06-12 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION,

Jaskarand Capital arena. 180,190,31,8 hemed sud Fully Palď up munasta $20,000,000 Busove Funds 1-

■D, 1500,00

Serre Blability of Proprietors. $30,000, BOO

HEAD OFFICE: HONG KONG

www.

BOARD OF DIRECTORS;--

3. A. Plummer, Esq.

Chairman.

1. 1. C, (.H. Muckis.

Deputy Chairman,

tion. Mr. J. Paterson.

T. E. Pearon, Boy,

T. I, 14. Nhaw, KK,

W. H. Bell, Es.

A. H..Compton, Esq.

B. Lander Lawte. Kaq.

4. Miskin, Konj-

Acting Chiol Manager. V. M. Grayburn, Kep

SHOT

BANGKOK

BATAVIA

3. P. Warren, Esq.

BRANCHES:---

LONDON

LYONA

MALADOA

SUMBAT

KANILA

CALCUTTA

MUAR (Jokutæ)

GALITON WNBYDO COLOMBO ALDEN YOUNZIOM SAIPHONG XAMBURG

BANKOW MAKIN

MONDIES

HILO

LGB

2002

4023

AUWLOON AVALA LUMPU

MURDES

NAGASAKI

NEW YORK

•PEITING

PENANG FANGOON

MALOON

HAN BANUTHOU

+ SHANGHA

SINGAPORE

BOURADATA

KUNGKI PATANI

CINYTHIN

TUX6

TRINGTAD YOKOHAMA

Culla opened in Local Currency

Pized Dupoilla vesired for coor ser periods in 1.00! Currency and Blasting urma which will be quoted as spplication. Hong Kong, 1 April, 1984,

HONG KONG SAVINGS BANK.

I Busca' ali shu sbora Bank in oond was

by the iLaNG Kừnɑ AND SHANGHAL BANKING CORPORATION. Aula rosy b

on appotton.

FOR THE RONG BONG & SIANORAI BANKING COMPORATION,

CV, M, GRAV HURN,

Any Chief Manager.

Mang Kong, 1224 March, 1981.

NEDERLANDSCHE HANDEL.

MAATSCHAPPIJ, N.V.,

(A)ERLANDS TRADING SOCIETI)

DANKERS,

Beindlichef 1894.

ska Tona Moer-24. Quest's Bold Ceaiul Authored Cap Guilder 100,000,000- £1,500,000.] Pag-ly Kaplial Quilla 8,000,000-

Buaite Fond ................ Oslider 40,000,000.

{21,193,151)

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

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

Paid-up Capital

.£8,000,000

Reserve Fuad

.£4,000,000

Reserve Liability of Proprie-

tors

.£3,000,000

KUALA LUMPUR

KUCHONG

MADRAS

Agencies and Branches:

ALUR STAR

(Malay Sales'

AMRITSAR

BANORDE BATAVIA BOMBAY CALCUTTA CANTON

DAWNPOAB

VENU

OULOMBO

DAIBEN (Delay,

اهات Bouth Kino

DELAI

MANILA

MEDAN

NEW YORK

FERINO

PENANG PESHAWAB RANGOON

KAIGON

MEMARANG REMEMBAN BEFANOILAL ВЕНОА РЫНК HOURADAYA TAIPING

(P.M.8.)

BAIPHONO

HAMBUNG

HANKOW

HARBIN

(N. Manoburiaj

TAVOY

RÙNG KUY

TRENTSID

ELOILE

1P0H

KABACH.

KLANO

KOBE

KUALA KANGSAR

Park (2.1.4.7

TUXTO

TUNGKAR (Buke, TSINGTAO

YOKOHAMA

ZAMBOANGA

(Philippslands)

Gezerai

Foreign Exchange; and Banking business transacted.

Current Accounts opened and Fix- Ed Deposits received for 1 year or which will shorter periods at rates be quoted on application

A. H. FERGUSON,

Manager. Hong Kong, St. January, 1929.

THE HO HONG BANK, LTD. (Established 1917.)

CAPITAL.

Authorised Issued

Paid-up

Reserve

Liabilities

of Shareholders Surplus

.Straits $20,000,000 8,000,000 4,000,000

4,000,000 2,526,000

HEAD OFFICE; SINGAPORE. Branches, Agencies and Correspon- dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

Menager. Hong Kong, 15th May, 1930,

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE--Talpeh, Formosa.

Incorporated by Special Imperial

Charter, 1899.

Свакти Вася и Петрова.

Bauh-Horse issued Armour Yea, 4,000,000

BRANCHES AND AGENCIES. JAPAN :—Tokyo, Yakobama, Kobe, Ossia.

Head (AMBIERDAM”).

FORLOVA - Karl Larano, Keluar. Earlerts Hood On:-BATAVIA.

Too Neato, Shah, Teloha, Tainan #RANOURI :—andjartanlı Bindowns') Bomber, Takao, Tarul, Tona, Dalto, Tairo.

Calouste, Cheribom, Djetiber, Djok- | QENA:-hanghai, Bankow, Amoy, Pankaw, mania"). The flatva“), Jaddah, Kobe,

Bot Radi, Makassar, Medan, Padang † OTH US:-Hong

Palembang, Pokaisogan, Panang, Pontianak, Bangoon. Berdam"}, Ramatsog')

Bibolg

THE CHINA MAIL.

TAX RULES.

COMMERCE

EFFORT TO REDUCE HARDSHIP

IN NEW BUSINESSES.

RUBBER COMPANIES MOVE.

AND

FINANCE

Mr. J. M. Walker, Manager of the Chartered Bank on Shameen, was the next speaker. Both his speech and that of Mr. Armin Brockeimann Schubert, of Reuter and Co., wore in English. They said in part that thoy congratulated the president of the bank on the handsome building which aymbol of the prosperity of the bank future.---

in the

Buccess Canton News Agency.

was

1

WOOL TEXTILE INDUSTRY.

NEW HOME INCOME year one always comes twice there. institution, and wished the

fore in a new business, but at the every present time you give the tax- years is taken three times over at the case of hardship, instead of paying on year two as measured by year one, he can pay on the actual profits of year two. We are pro- posing to give him an option, Instead of paying on the actual profits of year two, to extend his option to years two and three. We are going to make him, if he wishes to exercise his option, exer- cise it in regard to both years two and three.

--

London, May 8. The following appeared on the papers of the House this week in connection with the Budget resolu-

tions. It was No. 11.

Computation of Profits or Gains in case of new trade, pro- fession or Vocation..

11. "That it is expedient to amend the provisions of the In- come Tux, Acts relating to the computation for the purposes of income tax of the profits or gains of a trade, profession or vocation so far as relates to the charge of income tax in respect of any such profits or gains for the year of assessment next after, and the yeur of assessment 'next but one after, the year of assessment in which the trade, profession or vocation was set up or command- ed."

|

Mr. Churchill:-The average?,

Actual Profitu Taken. The Attorney-General:~~No, the actual profts of years two and i three. He can pay if he likes on the actual figures of year two and year three instead of the present situation when, he pays on the ae- tual figures of year two. The reason is this: If you get a busi- ness with a good profit in the first year, the fact is that first years is taken three times over at the present time. It applies to a business partly started and begun in the first year, it applies to the second year and to the third year. The Taxpayer's Option.

I can explain it if it is desired. This means that the Treasury It is, very difficult to follow with- will be able to grant relief on aout writing it out on paper. You It is more equitable plan in the com- really want a blackboard. mencing years of a business or quite plain. You apply part of the profession in cases where the nor- first year to the second and third mul basis of assessment gives rise year. That may work hardship to to hardship. The existing law business with a bumper firat year. gives the taxpayer an option to On the whole, it is thought more have the assessment for his second { fair and equitable to the taxpayer income tax year.adjusted to the if we extend the option he at pre- | profits of that year. It is proposed sent enjoys' to year two to year that in future instead of this three also. We tell him that, if he option, which is confined to a is going to exercise the option on single year, he shall have an op-year two, he must exercise it on tion relating to the second and third years taken together, ie., he will be able to have the 185e98- ments for both his second and third income tax years (but not for either without the other) adjusted to the respective profits of those years.

R.G.A.'s Representations. Kang diapore, Bouzadays, This is an issue that vitally in. Remarang. Bauto, Hombay, Calotterests the whole rubber, world and London, New Yih) Dainaj

LONDON HAKKEDS,

the Rubber Growers' Association are making very desperate efforts which will be evidenced on the Finance Bill, to try to get the

(Bumaus), Singapore, Foursbal, The London Cously Westminise and Pary's Bank.

Moukaria (Bal2), Tegal, Tillaijay and Weiseneda.

* Then afloss have ende deposit bezas bo tak, Load Bankers :~~National Provincial Ball LiŻ. Correspondents all over the world

Banking buainete ni avery £ription insole.

A. STOKKINK,

Act. Manager,

Hong Kong, Ist Apell, 1200,

BANQUE DE L'INDO - CHINÉ.

HEAD OFFICE:

96. Boulevard Haussman, Paris. Subscribed Capital Fra. 72,000,000.00 Paid-Up Capital...Fra. 68,400,000.00 Beserve Funds ....Fra.102,000,000.00

DRANCHES:

Bangkok Hong Kong Quinkon

Battambang Hue

Gea:ho

Canton

Djibouti

Mêngtze

Baigon

Shanghai

Nama Dinh

Singapore Tianhea Tientsin

NeumeB

Fort-Bayard Papeeto

Haiphong Peking, Tourane Hankow Puomi-Pouh

Hangi

Vinh

Pondicherry Yunnanfu BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas; Grodit Industrial et Commercial; 80- ciete Generale.

IN LONDON: The National Pro- vincial & Union Bank of England, Ltd: Comptoir National d'Escompte de Paris; Credit Lyonnals,

IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor- poration; Guaranty Trust Co. of New

York.

The Bank was Correspondanta to all the pet apal Commercial entrée Uhroughout the world.

E. KADURA.

Manager.

BONG KONG_SHANURI

* Vorur Boad Central i Hong Kong. 16 January, 192

THE BANK OF CANTON, LTD.

Established 1912,

Head OEco-Hong Kong.

Ansacred Capital (BX. Curranny: $11,000,00% Paid Up Caplis.es,

BLANCHES-

Cauron, Bangkok,

Bankov, __DREIGN. Bangkok, Now Xush and wan Franco

LONDON BANKKKİ, The_Lloyd's Back Lamited. CORRESPONDENTS

in alt primapat diles of the Forld.

Pesign exchange and baskug burluan si avery Geotipsian invasoradi

Safe Deponis Bazme frazione know) as a Jonsky

LOOK POONG SHAN,

Chief Macuget Hong Kong, 14tth May, 1090.

THE BANK OF CHINA.

行銀飯中

year three also. It applies only to a very limited number of caseя.

Mr. Churchill:-How will that affect business?

Mr. Snowden:-It is very difil- cult to give an answer to that. On the whole it is expected to de- velop it, to businesses. It is for that purpose we are proposing it.

The resolution was agreed to.

CENTRAL BANK.

Treasury to make this retroapee Its New Canton Home

Opened.

tive. Their position is that the hardship at the present time com- menced when the change over was made under the Finance Act from

Canton, Yesterday. the three years average basis, and Nearly 200 people witnessed the companies adversely affected took | official opening of the newly built, the matter' up 'through the R.G.A, handsome, modern home of the with the Revenue Authorities, and Central Bank, on the East Bund, also by deputation to the Chancel at 10 o'clock to-day.

The guests assembled lor of the Exchequer. No relief | were

оп the second was obtained and the matter was floor, where the

ceremony took then taken up upon a point of law place, presided over by General by the Kuala Muda Co. as a test Tang Yen-wah, Commissioner of case, to the Courts. The other, the Department of Reconstruc day the Court gave its decision tion. against the Company, but it was

The ceremony began with the publicly stated that it was a great usual reading of the will of the hardship. All the rubber com- Kuomintang leader, and bowing panies are anxious to have this before his pleture, General Tang, relief carried back to the time the principal speaker, dwelt at when the initial mistake was made. length on the history of the Cen-

Statement in House of Commons. tral Bank, which, he said, The following statement was ane of the main factors made in the House on the con-made it possible for the success sideration of the Budget resolu of the Northern Expedition of tions which precede the Finance 1927, inasmuch as it provided the

Reorganised October 26, 1928, under Bill; it cannot of course be regard- special charter of The National Goved as satisfactory. ernment an

Eleventh resolution road A INTERNATIONAL EXCHANGE second time.

ап

BANK

Motion made, and question pro- Subscribed Capital ....$25,000,000.00 posed, "That this House doth agree Interest allowed on Current Ae-Paid-Up Capital .......$24,710,200:00 | with the Committee in the said re- soante and Fixed Deposits according Reserve Funds ........$ 3,820,508.82 solution."

to arrangements.

Every description of Banking and

Exchange Business transacted.

Safe Deposit Boxes to let

A LECOT,

Manager.

Hong Kong, 1st May, 1929..

THE YOKOHAMA SPECIE BANK.

LIMITED.

Established 1880.

HEAD OFFICE; SHANGHAI.

HONG KONG BRANCH:

4, Queen's Road Central.

Mr. Churchill:-We will 110 doubt receive from the Govern mont some explanation of the pur pose they have in mind in placing this resolution on the Paper.‚

The Attorney-General-It is a Owing to car numerous branches in complicated matter to explain, but China and large connections in the I think I can explain it in a few Important commercial contros of the world, we are able to extend to our sentences. The House is, aware that clients' special facilities for domestic the principle on which at present and foreign banking and exchange. you base the obligations of income We also handle the issue of Ronds tax payers is that you measure one Capital (fully paid-up) Yon 100,000,000 and other Public Funds of the Chin year by the standard of the pre-

Yen 111,500,000 ese Government both at home and

vlous year.

That involves that abroad

SHOU J. CHEN, then there must always be one year Manager which is taken twice. In the first Hong Kong, 5th March, 1980.

year, you have no previous year which you can take at all, and consequently you take the actual profits of that year. In the second year of the business you take that period over again as being the standard, namely, the amount. made in the previous year. The

Reserve Fund

Head Office:YOKOHAMA..

Branches and Agencies, ut:

· Alexanİzİs

Batavia Sombey Branos AgroE Temporarily

Calcutta

Changchun

Dairen (Dalny)

Nagoya Newchwang New York Osika

Peking

Langoon Rio de Janeiro Baigor Bale Francisco

Fogtien (Mukden) Beattle

Hamburg

Bankow

Honolulu

Xai-Xues

Kobe London

Zow

Angeles

בסו

Samarang :

Shanghai Shimoncseld Hingapore

Bourabaya

Tiantain Senkro

Tainanfa Tsingtan

Vladivostock

empor

Current

tsed

at rates to be obtained on appliest

IL MORA

Haus Kon 10th March, › 1380,

KASHMIR SILK STORE

for EXCLUSIVE STOCKS

SILK

Th

SILK GOODS

Opposite Queen's Thea

THE INDUSTRIAL & COMMERCIAL BANK LIMITED

HEAD OFFICE: 12-14, Queen's Road;; Central,

COR

-Hong Kongated

BRANCHES

Hankow, Canton SPONDENTS

was

which

finances for that great necessary undertaking. ›

(Continued on next Column.}

cities of the world""" {{}}} Banking. businest

cted rompt, and personal, servies.

IENMU E LIND

(Listeral" MasAIDE,

|

London, Yesterday. Four trade unions engaged in the raw wool section of the wool textile industry have now officially advised their members to accept the wage reduction proposed in April, and an almost general re- turn to work on the employer's terms is expected forthwith.- Reuter.

THURSDAY, JUNE 12, 1930.

BUSINESS DIRECTORY

AT THE NEW SILK STORE.

A NEW SHIPMENT OF PRINTED CREPE-DE-CHINE

AND

GEORGETTE HAS JUST BEEN RECEIVED. AND IS BEING SOLD AT VERY MODERATE PRICES AT THE TAJMAHAL SILK STORE, 5. Wyndham St. Opp. China Mal

BOOKBINDING.

THE

NEWSPAPER ENTER- PRISE LTD.

for Superior Binding "China Mall Offices,

3A, Wyndham Street, Tel. 20022

BOOTS & SHOES,

Pair

The annual value of Canadian dairy products-$297,625,000-iss few million dollars less than the total annual value of the mineral Leather Sole Canvas Shoes... 4.80 production of the Dominion. A Crepe Rubber Sole Canvas Shoes $ 5,00 total of 286,000 farmers supplied Crepe Rubber Buckskin Shoes $10.00 milk and cream to the 2,838 dairy Black or Brown Boots from ..$ 8.00 Black or Brown Shoes from .3.0.00 factories throughout the Dominion Children's Boots ur Shoes from $2.00 last year.

JUST RECEIVED.

SUTTON'S FERTILIZERS

Al Garden Fertilizer "Simplex" and "Dynamic" at $2.00 per tin of 5lbs.

also

Cinys Fertilizer at $1.50 per tia Ichthemle Guano at 1.25 per tin Slug Slayer at $1.25 per tin GRACA & CO.,

Dealers in Garden Seeds, Postage! Stamps, Toys, Plèture Books, etc., etc.

TYPHOON

MAP

OF THE

10, WYNDHAM STREET, P.O. Box No. 620. HONG KONG.

PHOTO - SUPPLIES

Kodaks and Cameras.

Films, Plates and Papers, etc. Developing, Printing and Enlarging.

ZIESS and BUSCH FIELD' GLASSES Price Moderate

· A Trial Order is Solicited.

A. SEK & CO. ·

Tel. No. 23469,

26A, Des Voeux Road C Hong Kong.

YESTERDAY'S SOLUTION OBOE

SO

XERXES SH ES PAP TAU NOTORIOUSNESS TUS NUB TEE SETTER TERN UIT MAR TILT RIMMED HOA CO2 AGA TANTALIZINGLY EL'. IRA LLD LIA SILOAM ELEVEN TAEN

DISK

CHINA SEA

The Landsman's Handy Guide to Locating the Centre of a TYPHOON

Price 40 Cents.

NOW ON SALE AT THE PUBLISHERS

THE NEWSPAPER ENTERPRISE LTD.

Best styles, most complete stock of all sizes. Repairing a specialty. WONG SIU WOON 21, Pottinger St. Phone 21474.

DENTIST.

HARRY FONG, Dentist,

Lat foor, No. 74, Queen's Road

Central. Tel. 21255.

TANG YUK, DENTIST Successor to the Into SIEN TING, 14, D'Agullar Street...

TERMS VERY MODERATE

·Consultation Free.

DRAWN THREAD WORK.

TOO HOT to wear silk?

get

COLOURED LINENS

for

your dress & your baby's frock from

FOOK WENG & CO. THE ONE PRICE STORE

China bldg.

Phone 24628.

ELECTRICAL SUPPLIES.

THE GLOBE FOOK CHEONG ELECTRICAL SUPPLY CO., LTD.

72 Queen's Road, Central. Tel. 23270.

ENGINEERS & SHIPBUILDERS,

W. S. BAILEY & CO., LTD.,

Kowloon Bay.

New Work & Repairs.

Call Flag "L” Sola Agents for Kelvin Motora.

GENTLEMEN'S TAILORS.

THE HOT WEATHER IS COMING

SO ORDER NOW

YOUR SUMMER SUITS SILK SHIRTS

AND

PYJAMAS

AND KEEP COOL AND COMFORTABLE

BROWN

2nd 1, Rutton Bldg..

7, Duddell St. (opp. Gospel Hall). Tel. 23056.

HAIR DRESSERS & BOOKSELLERS

HON MAN

57, Des Voeux Rd., C.

LADIES' AND GENTLEMEN'S HAIR DRESSING SALOON. Expert Barbers Moderate Charges

LEE YEE,

Ladies and Gentlemen's Ha

Dressers & Booksellers. No. 12, D'Aguilar Street. (opposite Queen's Theatre).

OPTICIAN.

THE HONG KONG, OPTICAL

CO.

'Phone 22232.

53, Queen's Road Central

PRINTING.

THE NEWSPAPER ENTER.

PRISE LTD., General and

Commercial

Mall

Printers, "China Offices.

3A, Wynham Street, Tel, 20022.

DAILY CROSS-WORD PUZZLE.

(This cross-word puzzle has been made by an expert but - our readers are warned to look out for occasional phonetic spellings, such as harbor, plow, and altho,)

2

13

$5

6

18

13

32

36

37

42

47

HORIZONTAL. 1-Kingdoms 6–2,000 pounds

Gresso -Joined 10-Poisonous anako 12-Pinah 14-Depresiód

15-italian city

17-Vim,

10-Proposition

· 20-An ornamental altari

Borgen -22-Toward the end of

{"wöflan' 23-Numerous

24-Rock out.

26-A rib (Latin)

27-Arundor

́28-An order'

-80-Mind

A1-Vary

"Es Continuad stori

44°36–Gram (abbr.)

134

HORIZONTAL (Cont.), |38-A cavalry word | 39-Beam of light 40-Half score 42-Postscripte (abbr.)

43-Prohibit 44-Chasm 46-Clamer

47-Bharpened

VERTICAL

1-8pock

2-Upon

3-Pastaġaway in a

theatre

4-Negative... 'G—Evil:

18

VERTICAL (Cont.) 13-Fondie 14-Scornful uttarance 18-Threats

16-Worthy of note 18-Clay ware moulded and hardened 20-Grades

21-8tage perforiners

without speaking \\parte){abbr.) 23-Manuscripts (abbr) 25-Desp bark of a day

In hunting

29-Enoners 30-Propatiers

32-A grain

844 Norwegian post' 35-A'fab

6-To spread Inasaly to 37-A wooden pin-

B-Edge

9-8mall rug 10-Préazy

11-Tableta

39-Moved swiftly 41-A short sinap 43-Order

48-italian river

$22, 46-Prefix="from"

fold: The solution of tha abóvaloross-word puzzle will appear En

to-morrow's fisse along, seith a neio oross-word puzzle.)

K