1930-12-27 — Page 4

LLOYD TRIESTINO

FORNIGHTLY PASSENGER AND FREIGHT SERVICE FOR

BRINDISI, VENICE & TRIESTE

vin Singapore, Colombo. Bombay, Aden, Suea & Port Said Taking Cargo on through Bills of Ladlag

to Fiume, Caños, All Italian, Adriatle, Levant Black Sea and Danube Ports

Passengers to LONDON (Orerland).

NEXT SAILINGS FROM HONG KONG.

8.S. MONCALIERI

S.5. CARIGNANO

*8.5. PILYNA

S.S. "VENEZIA“

For Shanghai

8

For Bingapore

& Japan

& Italy Jan.

Dec. 31

Feb. 8

Jan. 9

Jan. 24

Jan. 30

Mar. 10

• Passonger Vessels with First, Second & Second Inter- mediate Class Accommodation.

+ Particular attention is drawn to the as. Gange which will make the journey Hong Kong-Italy in 24 days.

Bailing Dates sabject to change without notice.

For Freight and Passages apply to:

Queen's Building,

Tel., 28021.

N

'DODWELL" & CO. LTD.

Agenta.

VK.LINE

DOCK COMPANY'S APPEAL.

Income-Tax on Govt. Grant.

THE CHINA MAIL.

The Court of Appeal in mall week allowed the appeal by Sea ham Harbour Dock Co. from a do- cision of Mr. Justice Rowlatt dis- missing an appeal by the Seaham Harbour Dock Company on a case stated by the General Commission- ers of income-tax for the Easington Ward Division of the County of Durham.

Shipping

Intelligence.

NEW RUDDER.

REMARKABLE RESULTS IN TESTS..

ARRIVALS OF SHIPS,

Thursday, Dec. 25. Boston Maru, Japanese str., 8,889 tana, Capt. B. Aoki, from Sakito, buoy No.

B48.- Y.K.K.

Chung Hwah, Chinese str... 3,871

tons, Capt. S. Nakano, from Canton, buoy. No. A10—Shun Mai Hồng. Chusan, British str., 1,338 tons, Capt. R Kettlewell, from Amoy, buoy No. C14.- B. & S.

atr.,

Hiye Maru, Japanese str., 6,787

tone, Capt. S. Takahashi, from Keelung, Kowloon Wharf.

NY,K

י .

A new type of ship's rudder has shown remarkable results during exhaustive practical sea göing testa. It is a British invention. designed to eliminate the resistance and eddy disturbance caused by the detri- mental effect of the screw propeller on the customary type of rudder. This waste of energy is substantial, and the power that is saved by its elimination can be utilised to give a higher speed to ships, or, if pro- ferable, less power need be generat-Hakusan Maru, Japanese The appellants appealed against ed for the speed required. The 6,271 tona, Capt. J. Tauji, the following assessments to in-new steamer, Tolworth, of 2050 from Shanghai, buoy No. A24. come-tax: 1925-26, £191; 1926-27, tons dead-weight capacity has been

-N.Y.K. £2,178; 1927-28, £16,709; 1928-29, atted with the Ayre "propeller £85,101. The sole question for rudder. On the official speed trials the Court was whether the Commis- the results proved conclusively that sloners were entitled to and that a considerable improvements on the grant of money received by the ordinary type of rubber were ob-Hop company in the circumstances Bet tained.. As a result of this inven- out in the case was not capital, but tion, the speed of the vessel in income, and was a proper item to be fully loaded condition was increas- credited to the incomings of the ed from 10 knots to 10 knots company's trade when computing with the same power, based on the profits thereof.

earlier results of highly efficient vessels of the same class, as that required for 10 knots speed. To appreciate the value of this extra knot of speed, three-quarters of a under normal conditions It requires a considerably greater amount of power.. to attain this than the same amount of increase of speed would require at a lower basts speed. In the Tolworth, by reason of her dimensions and form, the advance in speed from 10 to 10% knots would require an increase of about 30 per cent. of horse-power,

On July 31, 1923, the company obtained an Act of

Parliament (the Seaham Harbour Dock Act, 1923) to enable them to extend their docks at Seaham Harbour, Work thereon was begun shortly

REDUCED THROUGH TICKETS TO EUROPE VIA U.S.A. VARYING afterwards, the cost being, estimat:

FROM £83 TO £120 ON SALE

SAN FRANCISCO via Shanghal, Japan Ports & Honolulu.

TATSUTA MARU

Thursday, Tuesday,

1st January. 20th January,

SHINYO MARU SEATTLE, VICTORIA #in Shanghai & Japan Ports. HIYE MARU (Leave from Kobe).. Wednesday, LONDON, MARSEILLES, ANTWERP, ROTTERDAM vla

Singapore, l'efang, Colombo, Suez..

BARUNA HARU

Saturday,.

SYDNEY & MELBOURNE via Manila & Ports.

Tuesday, KAMO MARU

BOMBAY via Singapore, Penang, & Colombo.

+ TOKUSHIMA MARU TANGO MARU

Sunday, Sunday,

21st January.

SOUTH AMERICA (West Coast) via Japan, Honolulu, Los Angeles,

Mexico & Panama.

GINYO MARU

Sunday,

10th January.

事

20th January

28th December. 11th January.

1st February.

21st February,

5th January. ·

18th January: "

29th Decembert

6th January.

ed at £152,000. The Act allowed the company to raise not more than £76,000 by Debentures, and £75,000 was obtained from the Treasury under the Trade Facilities Act, 1921, the Treasury taking Debes ture stock for that amount. the balance required the Marques of Londonerry advanced. £50,000 and Londonderry Collieries, Limit: ed, £25,000.

01

and corresponding fucl con- sumption: The Tolworth la also Aitted with an Ayre "propeller" stern-post, the design of which is based on similar principles to those Remarkable in the new rudder.

Sang, British str., 1,359 tons, Capt. P. R. Gay Cuming, from Swatow, West Point.Wharf.— J. M. & Co.

Klungchow, British str., 1,546 tons,

Capt. W. J. Larter, from Can- ton, buoy No. B12.-B. & S. Lyeemoon, British str., 1,754 tons,

Capt. E. Holmes, from Holhow, buoy No. A27-Kwong Nam & Co. Paling Maru, Japanese str., 1,667

tons, Captain K. Mineoka, from Canton, buoy No: C35.-N.Y.K.. Ryujin Maru, Japanese str., 902

tons, Capt. N. Kitano, from Canton, Yaumati Anchorage.~! Y. Sato & Co. Sungshan Maru, Japanese str., 1,603 tona, Capt. T. Honjo, from Canton, buoy No. C16.- N.Y.K.

Talkai Maru, Japanese str., 1,481 tona, Capt. 03 Kitani, from Canton, Yaumati Anchorage: M.B.K.

On November 6, 1923, the Un employment Grants Committee, in reply to an application by the com-economies in propulsion have al-Tairyu Maru, Japanese. str., 8,499

pany, stated that they were pre pared to aanction a grant quivalent to half the interest at a rate not ex- ceeding an averago of 51⁄2 per cent a year on approved expenditure met.

SOUTH AMERICA (East Coast) via Singapore, Cape Town & Ports, out of loans (not exceeding $152,

LIVERPOOL vin Port Said, 'Stamboul (Constantinople), Genoa.

KAWACHI MARU

Saturday,

NEW YORK, BOSTON via Panama,

† TATSUNO MARU

Monday,

† DURBAN MARU

Sunday,

+ MALACCA MARU

Monday,

† MURORAN - MARU

Tuesday,

CALCUTTA vin Singapore, l'enang & Rangoon,

SHANGHAI, KOBE & YOKOHAMA, -

HIYE MARU (Yokohama direct)... Saturday, KASHIMA MARU

IYO MARU

+ Carge only.

Sunday,

Monday,

محمد

27th December 28th December.

20th December.

For further information apply to:-NIPPON YUSEN KAISHA

(Private exchange to all departments.)

Telephone 30291.

O. S. K.

SAILINGS FROM HONG KONG SUBJECT TO ALTERATION.

LONDON, HAMBURG, ROT-1 Altai Maru

000) for a period of two years. Provision was made for periodical remittances, and sums were paid in the -four years under

review The amounting in all to £5,700, instalments, were always credited to revenue in the company's a counter

ready been proved for this ad ditional invention in a large num ber of vessels, but this is the first pecasion, when a combination of the!

practical test. This big advance two inventions has been put to a In ship propulsive efficiency goes to prove that British ship designers and builders are not behind in their successful efforts for progress.

Habá vď ANT DI

(not creceding £152,000) for a period of two years from the date or dates on which the payments are made...

The company contended, inter alia, that the grant was made by a Government body and was capital. It was not specifically made for the purpose of meeting interest, but was expressly made in respected by a particular formula,

That was a response to a com- pany short of capital, and the answer was that. a grant would be made of a sum to be ascertain-

venue,

come.

The

particular

Grant Not Subject to Tax

of expenditure and for the pur Grants Committee did not say that pose of helping the company with they would provide interest, but its cost of construction. The that a grant would be made equiva- term "equivalent to half the inter- fent in amount to a sum calculated est was only a method of calcula- by reference to al tlon for arriving at the amount of formula.

Thore was no grant to be paid. trading and no revenue at the The Commissioners had come to time, and there were no profits or the conclusion that the grant was gains in carrying on a business or taxable income of the company. trade, and as no trade was being This Court thought that the Com: carried on there could be no romissioners had misread the letters, a capital and that in law they should receive The grant was payment only and not taxable in a different interpretation from that

put on them by the Commission The Crown contended, inter alin, crs. It must be granted that an that the subsidy was in the nature expenditure on a dock extorsion, of revenue and was not a capital was a capital outlay, and the grant 30th Dee receipt. It was an annually re-made was for the purpose of pro- curring receipt to meet an aviding capital to enable the work to nually recurring expenditure. It be undertaken immediately. It was a proper Item to be credited was impossible therefore to say to the incomings of the appellants' that the sum paid by the Grants trade in the material years when Committee should be treated as computing the profits thereof. › revenue subject to income-tax_q

Before the Finance Act, 1926, The Commissioners were opinion that the grant was zevenue assessments had to be made under and was taxable income of the Schedule A on dock companies; but 3rd Jan company.

Rule 8 of No. III. of Schedule A Mr. Justice Bowlatt diamissed an provided for the assessment being appeal from that decision.

Fri.s

9th Jan.

TERDAM & ANTWERP

via

Singapore,

Colombo,

Saez & Port Said

RIO DE JANEIRO, SANTOS Montevideo Maru

Tues.,

30th Doc.

&BUENOS AIRES via

Saigon, Singapore, Colom

bo, Durban & Capetown.

BOMBAY vla Singapore & Hague Maru

Tues

Colombo.

DURBAN,' -" LOURENCO

MARQUES, BEIRA, DAR-

ES-SALAAM, ZANZIBAR Mexico Maru

Модот

5th Jan.

MOMBASA via Singa

poro Colombo.

Brisbane & Sydney.

MELBOURNE via Manfia, Brijbane Maru

Mon..

CALCUTTA via Singapore & Eurms Maru

Rangoon

Fri

5th Jan 2nd Jan.

VICTORIA. SEATTLE, Manila Mara

TACOMA & VANCOUVER

Kabe)

via Japan Ports.

NEW YORK via Japan ports, Kwanto Mara

Los Angeles Pangme.

Call Direct at Boston,

Philadelphin' & Baltimore.."

JAPAN PORTS (Freight fer-

vide

HAIRHONG vis Holhow

Pakhols (Fortuightly).

via Bwatow & Hosan Mera

(Every Sunday

TAKAO via Swatow & Amoy Dell Mars

(Fortnightly)

Mon

For further particulars please apply tos-

OSAKA SHOSEN KAISHA.

Telephone: 28061

Judgment.

of

made according to the rules ap plicable to Schedule D so far as the The Master of the Ralle (Lord same are consistent with the rules Hanworth), in giving judgment, of this numbore By the Finance said that the case depended very Act, 1920, section 28, and the Third largely on the construction of two Schedule, a change was made by 28th Dec lettera, The Seaham Harbour Dock which the taxation on certain Company obtained an Act to enable bodies, including dock companies, them to extend their works at Sea was transferred to Schedule D. ham Harbour. The Act, however Under the assessment, whether put a limit on the amount to be made under Schedule A or Schedule raised by Debenture stock-namely, D, the tax was imposed in respect $75,000. That sum was raised in of the profits of a trade. that way and further loanswers was the trade which wa obtai

and £25,000, carried by the Seahan Hai but

Doc

What

tons, Capt. R. Kjmura, fram Saldito, buoy No. B51.-Y.K.K Talamba, Britian stri, 3,844 tons,

Capt. G. M. Devis," from Cal- cutta via porta, Kowloon Wharf.-M.M. & 'Co;

- Teusan Maru, Japanese str., 1,638 tons, Capt. K. Kajikawa, from Hongny, buoy No B11 D.K.KUA habeat Toyo Maru No 1, Jaana str

1,807 tona, Capts G. Hayakawa, from Canton, buoy No: B17.- 'D.K.K.

Friday, December: 26. Bintang, Danish str,1,725 tons, Cap. H: Halling, from Hol- how, buoy No B37. John Manners & Co.

CANADA' PACEMU

ETKAMANIP

LIKES

SATURDAY, DECEMBER 27, 1930.

THE EMPRESS ROUTE

Shortest and Quickest ORIENT-AMERICA-EUROPE

SERVICE PAR EXCELLENCE

SPECIAL THROUGH VARES TO EUROPE SPECIAL NOTE

*£120.

£112 £83

Canadian Pacific representatives meet all steamers at all ports of call to assist passengers. Railroad, Sleeping Car, Hotel and Steamship reservations arranged at any Canadian Pacific Office

CANADIAN PACIFIC

WORLDS GREATENT TRAVEL SYNTEM;

BRITISH WUCHOW LINE

S.S. TAI HING " [1,068 tons Capt. Trott.] SAT. 27Lb DECEMBER.

SAILING DATES FOR DECEMBER, 1930 (Subject to change). DEPARTURE HOURS: Hong Kong 5.30 p.m. Wuchow 2 p.m.

S.S. TAI MING”· [619 tons Capt. W. H. Lawton.] TUES. 201 DECEMBER.

Regular Service of Fast, High Class River Steamers Having Good Accommodation for First Class Passengers Electric Light and Fans In Staterooms Saloon. The as. "Tai Hing" is Btted with Wireless. These assols leave Hong Kong for, Wuchow (via Samshul, Shiv- ring, Takhing & Dosing) and return to Hong Kong (vla sama Forts); every five or six days, KAS

با خان

Fares for round trip (not including meals) $20. Moala & Wines are to be ubtained on board,

Hong Kong Arrivals and Departures from Tal Hipp Wharf. For informatior apply to "29, Connaught Road, West, Phone 20894.

Com

KWONG WING L

DRUG SMUGGLING PREVENTION, cfficers to narcotics, although in the

event that liquor or jewellery were Plan To Make Ships Officerspelled to report them as undeclared found the agents might feel com-

Preventive Men.

Fukura Maru, Japanese. str., 1,926 tons, Capt. Himta, from Dal rén, Yaumati Anchorage. D.K.K. Iriabank, British str., 3,487 tons,

Captain E. Blackmore, from pa Washington, Nov. 11. Manila, Laichikok Anchorage. It was learned to-day that the

Bank Line.

U.S. Bureau of Customs. Is con- Linan, British str. 1,356 tons, sidering a plan for making officers Capt. J. Layton, from Amoy, on the principal passenger ships buoy No.. B17-B 8.

plying to the Orient "dollar a year Mao Lee, Chinese str., 1,902 tons, men," fully sworn as customs Capt Y. Watanabe, from Swa-officers, and empowered to search

разверств tow, buoy No. B8B. Yee Tal staterooms of

emuggled narcotics.

Ouderkerk, Dutch str., 4,911 tone, Capt. Wallaar, from Shanghai, buoy No, A8JCJL

for

If such a plan were adopted, it was understood, the scheme would strictly limit the activities of the

merchandise.

The plan will soon be submitted to Mr. Andrew Mellon, Secretary of the Treasury, and to. Mr. William D. Mitchell, Attorney-General.

It was stated that the scheme is particularly aimed at crows of such vessels rather than passengers,

Since the scheme could be put into effect only upon American vessels, some oppose it on the ground that it would drive pas- gengers to patronize ships of other nations as well as arousing a storm of protests or principle.

BANK LINE LTD

AGENTS FOR

ELLERMAN & BUCKNALL S.S. CO., LTD.

SAILINGS SUBJECT TO ALTERATION WITHOUT NOTICE.

ELLERMAN LINE ·

UNITED KINGDOM & CONTINENT

AS. "CITY OF CORINTH", London, Rotterdam & Hamburg

NEW YORK, BOSTON, & BALTIMORE

5th January, 1981.

AMERICAN & MANCHURIAN LINE

Donations and Subscriptions must now

be sent to the Hon. Treasurer Mrs. HE

Goldsmith, 525.

HONG KONG BENEVOLENT SOCIETY

ALSO AGENTS FOR

ANDREW WEIR & CO.

SERVICES TO

BOSTON NEW YORK & BALTIMORE

MAY TRISBANE MAURITIUS

SOUTH

AMERICAN & ORIENTAL LINE

15th January, 1981-

ORIENTAL AFRICAN LINE East London, Algoa Bay (Port

ine, tbo, Port Amelia, abique, Klindini, Port Nolloth Lud

Durba

THE

ANK LINE LTD.