1930-06-20 — Page 9

FRIDAY, JUNE 20, 1930.

POST OFFICE NOTICE.

RADIO NOTICES

The Radio Office, where full information concerning all wireless services may be obtained at all times, Is situated on the ground floor of the P. & O. Buliding in Des Voeux Road, next to the General Post Office.

Individuals and firms are recommended to register their telegraphic addresses at the Radio Office. No charge is made for this.

Fram

INWARD MAILS

Per

SATURDAY, JUNE 21.

Japan. Shanghai and Europe via Siberia

(London, June 2) -

U.S.A, Honolulu, Japan and Shanghai (San

Francisco, May, 31)

Siberin Maru

President Cleveland .Szechuen

Tjikarang Empress of Asia Haruna Maru

U.S.A Canada, Japan & Shanghai (Seattle,

May 31 Shanghai & Swatow

SUNDAY, Shanghai and Amoy

JUNE 22.

Manila

Straits

MONDAY,

JUNE 23.

Manila

Alderamen

Manila

Pres. Lincoln.

•

Asama Maru.”

Japan

Tango Maru

TUESDAY,

Batavia

Japan and Shanghai

JUNE

FRIDAY, JUNE

MONDAY JUNE 30. Prancisco, June 6)

OUTWARD MAILS

24.

27.

Tjibadak

.Hukozaki Maru.

President Madison

Per

FRIDAY,

JUNE 20,

Ning Po

Tai Ming

Foo Lee

3.30 p.m. 1. p.m. 4:0 p.m.

For

Shanghai

Samshui and Wuchow

Wei Hai Wel

Straits. Ceylon, India. - Maurįžius, -

E. & S. Africa, Aden. Egypt &

Europe via Marseilles

K.P.0.

Parcels.....June 20, 430 p.m. Registration...June 21, 9 0.m

Letters

Straits

Port Bayard

Manila

Amoy

..10 a.m. SATURDAY.

SUNDAY.

Hoihow, Pakhoi and Haiphong

Swatow, Amoy and Formosa Bangkok via Swatow

Shanghai

Swatow

Raspura

(Due Marseillos, July 18.) G.P.O. Parcels..... ..June 20, 5 p.m. Registration June 21, 945 am. Letters

10.30 o.m. JUNE 21.

Takada

Parcels

Letters Wing Lee Pres. Cleveland Kiungchow JUNE 22.

Limehow

June 21, Noon. ....1 p.m. 2.30 p.m. 4.30 p.m. 5 p.m.

MORE

THE

CHINA MAIL.

TAXATION.

Three Objections. Subsequently representatives of the employers, who had been con- sulted by the Hong Kong General Chamber of Commerce, were afforded an opportunity of meat ing the Members of the Commis- slon, but little result was possible, because in the first place, the Re- port had already been completed and published, and secondly, the Commissioners could only dent with matters within the terms of the reference, but three import unt aspects of the problem became apparent.

(1) That the Commissioners

did not consider it neces sary to consult outside em- ployers, and had confined their investigations to Gov. ernment Employees.

(2) That they did not take into their consideration the effect of their report on outside employment, or at-

decide tempt to

on an economical wage and (3) They were not by the terms. of reference called-upon to consider how their recom- mendations should be im plemented.

Later, the same employers met the Government, and heard from Government representatives, ap painted for the purpose, the gen eral views of the Government on the Report.

(Continued from Page 4)

firms aro Insufficiently pald-my answer to that must be a repeat of what I have already read "We must cut our coat according to our cloth;" business firms are com- pelled to do so and I fall to sec why Government, should not do likewise.

Unprecedented Hardships.

HONG KONG STOCK EXCHANGE.

Opening Daily Official Quotations 20th June, 1930.

STOCK!

Batake.

Chartered Bank.... Mercantile B., ALBA c. Z Bank of Asia.......

4

Issurnaces.

Canton ..........

rates, to that extent, some other form of taxation must be found.

Let us now consider the result of the Report, if it is adopted ny It stands. It must in the first If unhappily it should be true place inevitably react on all out that wages paid in this Colony Hong Kong Bank ....$ vide employment-it is only by business firms are too low, do natural If Government servants | not blame employers for there are ere, given all round increases, out- | abundant reasons in justification, side employment will want similar of which the law of supply and concessions, and the burden must demand is partly but by no means of

fall coursc

ол employers. entirely responsible. Secondly who will have to find I can state without fear of con- the money to Implement the Re-tradiction that at no time during port-largely the big concerns my thirty years' residence in this who pay the rates on their exten- Colony has it been more difficult alve buildings and undertakings. for commercial firms to balance The result is, a very large pro- their books and come out ever se portion of the burden will fali little on the right side than It is on the employers.

to-day, and this applies equally to If employers are called upon to those engaged in Shipping, Insur- pay more in taxation and increas-ance, Imports, Exports, Wholesale ed wages, the coat will inevitably end Retail trading, and I must. have to be met by reducing the confess I can see no immediate staffs, and the calling for increns- prospects of an improvement. ed efforts from those retained.

I doubt whether anyone in this Colony will argue that the pre- sent is 1. propitious time to cast heavier, and increased finan- cial burdens on our trades and in- dustries.

Unacceptable In Toto.

I received two days ago a copy of a letter addressed to the Gov- ernment by the Chairman of the Kowloon Residents' Association, expressing the alarm that is felt by members of that Association at the prospect of an increase in the assessment tax.

This letter contes

Buy-Sell-

Salca Nom. Fin,

Bra

end

"Jent

Last dividend and when pald

100

non im. .............. China Underwriters ...$ China Fire Ins. $400

H. K. Fire Ini... 955

Shipping,

Douglases

$24

Deo. Final /8 '132)

*.10-10.5) Feb. 4, 30 7-honus 5/3

1510 1500

188

Deo.

tre Tan / 192: “......

190

Dec. Via

(12) 1121

Dea.fur 1920....

450 480474)

H. K. Steamboan ... ... 3 Indo-China (Prel.) ...$ (Det....$ Shell Transports....-| Usian Waterboats....$

#

Mialog. Benguets...... Kailan Mining Ad. /-

Langkat (Camb.)...Th.

10

Loans.........T61

444

Apr. 9, 30

• at 120 Lean ITx. Apr, — 30

... 980

Dea. Plaal Bar for 103-105

Doo.

Huter.m Bisafe 1995)

Vaal 1 for

Interim 199

Den. Nous

Dec.

(Final bettie #d)

for

Taterim 6 afe

Dee. For 1023

*

བྷིནྡྲི;;;

***

43

10

Deo.

(008

187

Feb. 19, 20

May 15, 80

lay 30,50

-18

May 30, 30 Mar. 20, 30

1

Mar. 4,30

June 19, 29

-

Pending

Mar, 10, 80

Dee, viriamt for 1944......

Dev. $10 for 1921

112 ex. an preferred)

3 for 1898 and 1925.

Lust dien

19

Dec. Fl. 34. Coupen No. 5t from).

Tax for 20

Deo. $1.50 for 1929-

Dec. fistorien 13 vestarovnje 1999..| Apr. 30

38/9 June Interlea 17. from 1/TAX

Coupua No. 5 your 30-450)) June – 30

3.10

THE

18

Oct. 7, p.50 for year 31 to

May 8, 30

Flee. None,

510

Doe. It dicksteral for 1958.

***

23.80

Tronob Mines ........

21-

Mar. Pinal Safe year 81-190 Dee, Tutorial, toss

June 19, 30

Mar. 81, 80

Docks, Wharves, Gadowas, &c.

Raubs ......

I might be thought from the

very timely.

" (Single) ...Tl. arguments I have put forward and without doubt the same feel. S'hai Exploration... Tit. 1.30 that the Salaries Commission Re-ing exists throughout the Colony port should be scrapped-that is though at the moment it may not really my view, for I regard not be generally realised what the Dffect of any further increase in it as an important work, and of The general conclusion to considerable value

as far as it taxation will mean to thousands which I am driven is, that in

who are goes, as it forms the basis for of non-official residents view of the very strong opinion further and

more comprehensive already sorely pressed by high expressed adverse to the Report, consideration, a wider field must rents and Increasingly high cost. K, a K. Wherves..$ 171 173 the recommendations of the Com-he enquired into, and other inter- missioners require further and ests consulted. It would be un-

Government has in the past wider investigation and considera thinkable to totally disregard s

asked for, and received, valuable tion on a much more extended valuable a document.

advice from the K.R.A. and I do basis.

trust that Your most sincerely Excellency will now give a full and sympathetic heed to their re- quest.

8.30 a.m.

the

Canton Mari Kaying

9 a.m.

for.

9 a.m.

· MONDAY

JUNE 23.

Haruna Maru Hydrangea

Japan, Canada, U.S.A.,. C. and S. America and Europe via Vic- toria B.C.

Foochow via Swatow

Shanghai and *Europe via Siberia

Manila Australia & New Zealand

via Thursday Island ..

TUESDAY,

Swatow, Amoy & Foochow Struits, Ceylon, India, Mauritius, E. & S. Africa, Egypt & Europe via Marseilles

K.P.Q. Registration ...June 24, 1 p.m. Letters

....1 p.m. Shanghai, Japan. Canada, U.S.A.. C. & S. America and Europe vin Vancouver, B.C.

Swatow

Pres. Lincoln

10.30 a.m.

3 p.m.

(due Victoria B.C. July 11.) Parcels

S p.m. Registration ........ 4.15 p.m. Letters

Cheong Shing Pres. Lincoln. Registration Letters....

Tango Maru

5 p.m

5 p.m.

5 p.m.

€ p.m.

(Due Thursday Island, July 7.)

Registration ...June 23. 5 p.m. Letters.....June 24, 8.30 a.m.

24.

JUNE

Huiyang

1 pm.

Diomed

(Due Marseilles, July 25,) G.P.O. Registration June 24, 1:45 p.m. Letters

..2.30 p.m.

Empress of Asia

(Due Vancouver, B.C., July 12 and Europe via Siberia) Parcels.......June 24, 5 p.m. Registration June 25, 9.15 a.m. Letters...

WEDNESDAY,

JUNE

Straits and Calcutta

Amoy

Hoihow. Pakhoi & Halphong

Swatow

Sandakan.

25.

Yat Shing

Namaang

Parcels

..10 a.m.

8.30 am.

June 25, Noon, .1 p.m. 3.30 p.m.

8.30 a.m.

Letters

THURSDAY,

Tainan JUNE

*Chengtu

26.

Kanchow Hinsang

JUNE 27. Hal "Ning

9.30 a.m. 1.30 p.m.

2 p.m.

FRIDAY,

Swatow, Amoy and Foochow .... Straits, Ceylon, India, Mauritius, E. & S. Africa, Aden, Egypt & Europe via Marslelles ...

Hakozaki Maru

(Due Marsielles July 27.) G.P.O.

Registration

KPO

Registrations Letters

4.30 p.m. 4,30 p.m.

Letters

Superscribed correspondence only

WELL IT'S TIME TO GO"

HOME AN"-MAGGIE'S

BEEN SO NICE TO ME

· LATELY, ITS, A

PLEASURE TO GO HOME •

6 p.m.

6 p.m.

NORAI WANT YOU TO MAKE SOME

BISCUITS FOR MR. JIGGS TO-NIGHT:

I find it impossible to adopt the Report, in toto as it now stands, in fact I should regard myself ranting in my duty to the Colony, should I support it at the moment in the present circumstances and present form.

What It Means. Let us now turn to the cost of the Report to the Colony should we adopt it,

(a) The present sterling salaries, including exchange compensation, on a basis of Your Excellency, I feel, and I exchange at 1/10 which is am sure my colleagues also feel

basis now

tremendous Budgeted the

responsibility will cost $5,240,034. which is fanposed on us in hav- The present dollar dalaries, ing to deal with this subject, and including rent allowances, of the diffidence in being called will cost $3,781,173 making a total cost to the Colony of $9,021,207. (b) If the Report is adopted in its entirety the extra cost

As for the Report, and bearing to the Colony beyond the mind how circumscribed

are present Budget figures, of its terms of reference, I imagine the sterling salaries, will be there can be little fault to find $1,579,270, and the dollar with it; the Commissioners with salaries $963,728, making a cut doubt, have discharged the total extra cost of $2,542,-duty they undertook with the ut

moat fidelity.

998..

upon to criticise a Report prepar- ed and presented by such distin guished and able men as those composing the Commission.

(c) If the Report is adopted

At the interview granted to a less the second 15 per cent. deputation of Members of the (High Cost of Living), and Hong Kong General Chamber of less the further rant allow Commerce, and large employers Ances recommended by the of labour, Sir Henry Gollan, in Commission, the cost to the answer to a question replied that Colony beyond the present"it is not a question of econo Budget figures will be mies that the Commission had to $2,048,917.

consider but the adequacy of

49

Cross Roads.

It is at this point, Sir, that we come to the cross roads.

sons are odious-that may be true

of living.

Hard On Trade. Unofficial Members and the rest of the Colony ovn,' a acht of (Continued on Page 10.)

EXCHANGES

TO-DAY'S QUOTATIONS

On London Bank, wire

1/3 2 Bank, on demand... 1/3 % Bank, 4 months' sight 1/3 * Credits, 4 months'

sight

1/4 1 Documentary, 4

months sight.... 1/4 "

On Paris

780 On, demand Credits, 4 months'

sight

On New York- On demand Credita, 60 days"

sight

30

H. R. & W: Docks...$ China Providente...$5.40 51 5.43 Hongkews.....Th. 265

N. Engineerings ...Th. Shanghai Docks ...Tis.

Cotton Mills. Ewo Cotton......Th. 191

Shanghai Cotton ...Tls. zoong Singi...Th.

Landa, Hotel & Building..

H.K. & S. Hotch: ...$ [12] H. K. Lands .........

$84 Shanghai Lands ...T. 985 Humphreys A

H. K. Realties.

Chinese Estates

-Public Utilities.

Dec. for 1919......

Dec. Lt stund for £974.wom

e. La dividend fur 1991,

Dec. Fll T. 1: aje 1939

L

71

Dr. T. 60 for 1920

139

зец

:སྱཱ ་ ་ཤྲྰི。

H. K. Tramways ....3 30 - 20.10| Peak Tram (old)....11

(new)$18.05

"

Star Ferries........ 831 China Light fold)... $7.88

(new)...29)

H. K. Elecerica......$701

1911.80

***

§ 8 2

Afar. 18, 80

Mar. 81, BO

Feb. 25, 30.

Apr. T. 1,50 for year 21-1-. July 27, 29

I

Dec. Final T./e 1929 Mar, 17, 00 1 Apr

Oct.

and 3-5 olde for half year

{1,2-45 new} ~39-43

May 28, B0

Jane T. -al for year 3-0-29

Och 11, 20

(12/120, (8411 ard

Des. canta for

Apr. 7, 50

Doc. Finalne 1000.

Feb. 13, 80

**

Dec. Final F. a/c 1929.. 18.60 Dec. 80 cents for 199.....

Mar. 19, 80

May 7, 80

W

Dec. Final 20 tents nfc 1980S AND CAT Feb. for year $3.99AMMED ME

Mar. 94, 20

June 5,89

Decent af 1929,

Mar. 18,80

L

Apr.

ete, on oldj for your

Wets on new!

June 16, 30

|93||||

Dec. 1 tar 1929.

Feb. 16, 20

23

**

MED

Sept. Int. 25 cte. si yr. 30-30 May 13, 80

Mar. 19, 30

***

Dec. Finn tu conta a/c 1951... Mar. 15,8 Dec. 3.1, for FĮ Feb. 25, 30

1 on preference shares)

Feb. 6, 80

Bubject ca fairuma tax.....

Dec. 40 for 12

Macao

M

www.

.... 23

Deo.

F10

855

Sandakan Lights $10)

AP

++

June None

H.K. Telephones....$17.50

30%

China Busca... 771.18)

82

S'poreTraction (Ord,ja/- 自唱 [Pict.p/-

10/-

18/8

Sept.

WAL

On Bombay-

Wire On demand

85

Industrials.

85

China Sugare..........$

IA

***

De Liŋuklation

On Calcutta→→→

Malaban Sugars

27

Apr. 11, 29

Wire... On demand

85

85

Cald: Macg., Ord...Th.

... 11t

"

Pref...Tls.

On Singapore- demand

54

On Manlis→→→

+1

61

Canton locs ........ Cement (comb.) 18.86 18

(old).....$12 (new)..... H. K. Rope... ..$9.85

...2.

|,18/18).40)|

0.85/40)

TIB. 81 11% d.

Storia, &c.

62

15 16/16

Dairy Farmsaman) (15.80) Watson

18

441

Der A Wings

11

***

HE

+

Lane Crawforda

[8.70

*

Mackintoshi

Sinceres

18

Fob Lust #vlden:l for year 28-220 | Fab. # for your 23-530an now bet

May 15, 30

x/div.

*.. 11.80

411

(d) Should the temporary con- * salaries.**

cession, that is to say ex- change compensation down to 1/6, be regarded as a permanent concession and It lá often said that compari | On

already granted, then leaving out the second 15 in many cases, but in considering On demand per cent. (High Cost of such an important matter as this

On Shanghai--- Living), and less the fur when so much public money is

On demand ther rent allowances re- involved it seems to me that only Dollar commended by the Commis by obtaining evidence from other On Yokohama---- sion, the cost to the Colony employers in the Colony that a will be $1,671,517.

(e) The saving on the second 15 per cent. (High Cost of Living) would be $245.800, and on the extra rent al lowance recommended $248,-

281.

Who Is To Pay.

It must be borne in mind that although the figures givan, include

On demand

fair and just conclusion could pos-Silver (per oz.) sibly be arrived at and in my Bar Silver in Hong opinion the terms of reference Kong... 4% prem, nom. ought to have been wider in their Copper Cash

Nominal. scope, much of the bitter feeling Copper Cents

$% prem. that now exists would then have Rate of Native In- been avoided. Surely those who

terest

4% pa. will have eventually to bear the Chinese Sub. Coin. 23% dis. cost have a right to be consult Hong Kong Sub.. Coin Par ed.

the cost of pensions, they do The Agures disclosed by the not include the cost of the extra Comparative Table I have just Miltary Contribution, which is read shows that wages paid by on the basis of one-fifth of the Government at the present time rovenue, less certain deductions, and wages paid in outside employ Now, how is this money to be ment for the same or similar posts found-obviously by new taxation is distinctly in favour of the at once we ask what form will Civil Servants; I may say those it take.

figures were not obtained · in'ány. A rate of 1 per cent, brings in haphazard fashion, they have been $350,000, it will therefore require supplied by one who has an in- 7 per cent, on the rates to bringtimate knowledge of the facts. in the required amount, or if il'. Government may retort by aay- is not decided to increase the ing that employees in commercial

BRINGING UP FATHER

THERE ISN'T.

ANY ROLLING

PIN IN THE HOUSE-YOú "THREW THE LAST

ONE AT MR. JIGGS

HELLO -THIS IS MRS. JIGGS: PLEASE SEND “ME A ROLLING PIN ·

1 KEED IT BEFORE MY HUSBAND GETS HOME

LONDON EXCHANGES

Paris New York Brussels Geneva

United Asbestow ......$ 6 -

Wm. Powells

Miscellaneous.

H.K. Amusement '....$

H. K. Constructions..$

H. K. GOL. Loan...$

;;: ཡོ;

# # #

hears i

***

Dec. Pà, 5 for 15 AND STAN

Dec. 19 Apr. 80, 50 July Note

(30ces on ok for 19 Mar, 19, 80,

scention n

Dee. Le bridlench for V954)

Deo.

434

1.fr 1923. man

Mar, 16, 80

Uct. 70 rents for your 90-10-29-Mar. 81, 80

2.86 Fab. cents for year 2-2-| Jano 10, £9

20. Mar,

2on Preferred for year

$1.00 or Deferred}

- Taly 95, 29

1,90

Ux. Nune

1160%

Kuturnat half yearly.

B. Ind. G. Bonds...

Rugby, Yesterday.

123.76 4.85-13/16. 84.826

25.005

12.085

92.75

Progue Helsingfora

168%

1927

92.65

Madrid

41.16

Buenos Aires *Bombay

Hong Kong

Stockholm

18.09

Lisbon

108.26

Yokohama

Copenhagen

18.18

Athens

376

Silver Spot

Oslo

18.15

14.485

Bucharest Rio

818

6 17/92

Amsterdam Milan Berlin

Vienna

WONDER WHY SHER MAD AT: ME NOW?

41% 1/5 25/32 1/3

2/0.7/16 15 15/16

Silver Forward “......... 15 11/16

—British Wireless. Bervien

DO YOU KNOW that by paying US: $52.50 down

and U.S. $9.60 per month for a limited period

you can become the proud owner of a

GENERAL ELECTRIC

ALL-STEEL REFRIGERATOR

on view at

The Hong Kong Elsetrie Co

The General Electric Co., Ltd.

Wm. C. Jask!

-Andersen Me?"

Ltd::

Co. Ltd: