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cause
FRIDAY, JULY
1931.
ments of the market. In large
Joe E. Brown and Bella Bennett duced in October lant: In the contracts and large work, on the, in "Molly and Me," a talkie film, Treasurer's memorandum which will be screened in the Majestic was laid on the table with the other hand, credit le a more Theatre to-day and to-morrow. Estimates for 1991 the revised. portant factor even than price, Brown will be remembered for his estimate of revenue was $24,066,- and the co-operation of. financial element of comedy in "The Lottery 000 whereas the actual revenue interests is indispensable to off- Bride which was shown here re- was $27,818,473. The revised, ca
cently,
timate of expenditure was $28,- set in particular the competition
$03,500 and the actual expenditure of the United States, who are in. Sitting at the Kowloon Magis- was $28,110,640. The estimated that way building up a strong tracy yesterday with a jury of deficit on the year's working was position. At present, too, the three, Mr. E. W. Hamilton held an $4,237,500 and the actual deficit inquiry into the death of a Chinese, $301,173... The estimated balance United States devote large sums Wong Yuk-ping, who was knocked of assets over Habilities of money to promote the educa-down and killed by a motor car $5,425,351 while the actual balance tion of young Chinese in Ameri- driven by Mr. Donald Forbes near has proved to be $9,861,679. can universities and works, and in returning a verdict of Aethe Government was unduly pessi- Mongkok Police Station on June 7.
It may perhaps Se thought that by these and allied methods are cidental Death" the jury added that mistic in October last. But the... bringing up a constant succes- they considered Mr. Forbes had position at that time was far from sion of American-trained Chin ese, who will be the technical
lenders of the next generation.
committed an error of judgment.
WAB
clear and in dealing with, public funds It is the duty of the Gov-
COLONY'S FINANCES erniment to avoid undue optimism.
In A Satisfactory Position.
EFFECT OF EXCHANGE.
lest the Colony be lulled into s Such and similar measures, in-
false sense of financial security. cluding technical representation
Had the picture been painted in and intelligent advertisement,
less sambre colours it is possible are recommended in the common
that the result would have been less good. As it was the serious- interests of British engineering
ness of the position was fully trade, and even then will leave The Government was satisfied brought home to everyone concern. British manufacturers no fur-that the Colony's financial position: el and the strenuous efforts was sound, said the Colonial Secreto collect the full revenue and to ther forward than their Ameri-tary, in moving the first reading of save where economies pay- can competitors. Perhaps the a Bill to authorise the appropriation sible have contributed to achieve most fundamental recommenda- of $2,486,577.02, supplementary a better result than any one at tion of all is that by measures vote for the year 1930, at the Legie- that time thought possible.
'An lative council meeting yesterday. such as the grouping of export-
unbalanced budget is a very.aerl- The increase was explained as belous matter even when the deficit ers, means should be adopted to ing mainly due to the fall in the rate is as small as it was ultimately prevent inter-British competi-of exchange and the adoption of the found to be in 1930 and cannot but
Salarica Commission Report.
tion and strengthen British re- presentation..
News in Brief:
Position Described.
The Colonial Secretary said:-
By Your Excellency's command I
were
cause grave concern to any re- ponsible Government.
Position Of Affairs. 6The Government is, however, rise to move the first reading of a satisfied that the Colony's financial bill to authorise the appropriation position is sound. The revenue is
The e.s. President Cleveland will of a supplementary sum of $2,480, showing a satisfactory expansion sail for Manila at 6 p.m. to-mor-077.02 to defray the charges of the and at the end of this half year,
year 1980. The details of all that is two days ago, the total re items making up this sum have venue amounted to approximately
row.
Trinidad Morales..
this
}
mediate demand for an improve by the Kashgar on his way back to being allowed of savings on ather first readings were those affecting
If the actual ex-
whenever that proceeds, as the
Col. R. B. Skinner," C.B.E., Chief already been fully explained to $16,700,000, which is $1,965,000 great forces of Chinese opinion Engineer, Military Forces, returned Honourable Members from time more than one half of the total es-
to time and during the course of timate for 1931... seem determined that ultimately to the Colony by the 8.8. Kashgar,
1980 received the approval of the it shall proceed, a vast new
I now formally move the first The lowest open air temperature Finance Committee and of
reading of the Bill intituled An Or- market will be available for for- yesterday was
Council la the usual way. 80 degrees. The
The Detailed Statement of Ex-tion of a supplementary sum of dinance to authorise the appropria- eign manufacturers. This mar-
humidity was 84 at 10 a.m. and 71 at 4 p.m.
penditure and the Treasurer's Re$2,486,577.02 to defray, the charges ket is of special importance to
port on the Finances for 1930, manufacturing engineers, be
The forthcoming marriage is an- copies of which have to-day been for the year 1930.
The Colonial Treasurer second- their products will be nounced of Charles Trott, mariner, furnished to each member, give ed and the Bill was read a first
At time. amongst those most urgently residing at 252, Wanchai Road, to the reasons for the excesses.
first sight this sum of $2,486,577.02
Other Readings.. wanted. With the end of the
appears to be a large one as it
An amending Ordinance raising' civil war and the stabilization of The Hon. Mr. Justise Feetham, represents the net supplementary the fine for begging from $5 to $25 the currency there will be an im- C.M.G., who has been on an oficial appropriation required over each was read for the first time. Other mission to Shanghai, arrived here of the heads exceeded, no account) ment of roads and railways, on South Africa,
the Rating Ordinance, the Criminal heads. The actual increase in
Procedure Ordinance, and the which, indeed, a small beginning
the year's expenditure over the Health And Building Ordinance. has already been made.
With Taking an overdose of opium at sum voted amounted, however, to
An Ordinance providing for the in- this improvement will come in-her residence, 315, Portland only $85,131.
Street, Lee Sze (20), a married penditure of the year be compared corporation of the Hop Yat Tong creased use of agricultural ma-woman, subsequently succumbed with revenue, the deficit is $501, Church of Christ in Hong Kong, chinery and irrigation plant, and and was removed to the Mortuary. 173 only, thus reducing the excess E. L. Shenton, and read a first time. was Introduced by the Hori. Mr. W. the agricultural and mineral
of assets over Habilities from
The Ordinance amending lawa re- wealth of the country will re-
The Hon. Jahn Scott; Colonial $0,662,852 on January 1, 1980, to 'quire for its development a rapid Mrs. Scott, who have been enjoyin other words a deficit of $301,173 Deaths was read a second time, to Secretary, Straits Settlements, and $9,361,670 on December 31, 1980; lating to registration of Births and come into effect on January 1, increase of electric power. With ing a brief holiday here, left to- on the year's working.
1982. the increase of wealth arising day by the 8.8. Empress of Russia
Why Figures. Are Up. from these operations, the money
for Canada en route to Britain. 2. Full detalls of how these At a subaequent meeting of the available for spending will in-
figures are arrived at are given Finance Committe votes totalling Starting to-day repairs to the in the Treasurer's Report.
$135,007 were approved. crease proportionately, and submarine cable between Victoria would, however, mention some of whereas, most of the Chinese and Kowloon will be carried out the reasons in a general way. A Neglected Market.
market is concerned with low. dally until further notice, and First there is the fall in exchange; The British Economic Mission to
priced goods only, and these dis-The regulation signals will be ex-
marinera are warned accordingly, the open rate on January 2, 1980, was 1/7 9/15 and the closing rate tributed over very limited areas, Jhibited by the vessel employed. the Far East, which recently re-
on December 31 was 1/1, the average rate throughout the year turned to Great Britain after an the increased organisation of
Mr W. Bourehter, bailiff, being 1/4.8598. This was the prin- absence of six months, came, in work will distribute products of Supreme Court, had an unfortun- cipal factor in all business deslinge Jane at the Botanic Gardens was as effect, to enquire into the present all kinds more widely, and stimuate experience last night at Castle during 1930 and accounts for con- under: conditions of British trade in late the demand for work of Peak, where he had gone with Mr. siderably more than the excess over China and Japan, and to report higher quality, which there a Court, for a swim. Half an hour based on an exchange of 1/10d. R. Maynard, also of the Supreme the original estimates which were upon what action should be taken Rears to be a disposition. In the later the car was noticed to be on Secondly, there was the adoption of to develop and increase it. Each Chinese to appreciate when they fire. All efforts to put out the the Salaries Commission Report of these countries presents fes- have the money to afford it." flames-were in vain, and the car, nwhich I estimate cost, apart from tures not to found to anything All authorities appear thus to Chevrolet, was completely wrecked. the fall in exchange, approximately It is understood that it was inaur-$1,000,000 for dollar and sterling like the same extent elsewhere. concur in the belief that the pros-d.
salaries combined. Thirdly, a special grant of $300,000 to the China possesses nearly a quarter pects of development in no re of the population of the world mote future will be beyond all As the result of a raid at No. University and contributions of and the population of Japan is precedent in commercial history. Revenue Officer Humphries chary of a vertical sea-wall at North 841, Reclamation Street, yesterday, $300,000 towards the construction Already the imports of engineered Pang Luk in the Kowloon Police Point and $105,000 towards the nearly double that of Britain. ing manufactures' have increas-Court this morning, with having Kowloon Tong Building Scheme. So far as concerns Japan, it musted when other imports have de-unlawful possession of a quantity 3.A glance at the table of re-| turing country `with' a marked clined, and although the immace of prepared opium.. A fina, of well. this was maintained. It is
Hong Kong. Friday, July 3, 1931.
now be regarded as a manufac-
In
protective policy. the engin cering trade it has, indeed, to in port a certain proportion of it requirements, although it is not certain whether this will not tend
at. a substantial
JUNE RAINFALL. Over 12 Inches at Botanic Gardens.
The record of rainfall during
June
"1
.24
.02
76
.56
.99
1.04
18
11
.51
14
.35
฿ 16
02
17
.86
41
20
.01
21
.01
1.75-
1.81
24
*.56
2.98
[26
Total
.11.
.12.14
PARIS TO JAPAN.
Prizes Offered to French Aces.
of false optum labels, and seven venue for the year will show how, provement in British imports 8160 was imposed on the first true that tobacco, duties and has been markedly less than charge or three months' imprison- postal rates were increased dur that of some other countries, ment. The second charge was dis-ing the year and a new duty of they remain
missed.
15 cents per gallon was levied on figure and are backed by a well- The Staunton Street fire enquiry venue derived from these sources motor spirit, but the extra re- established reputation. At no which is being conducted by Mr. did not account for more than to decrease, and the most prob- able event is that there may be
Schofield (as Coroner) assisted by $850,000. Revenue from direct epoch, in fact, in the commercial a" Jury, comprising Mr. H. R. taxation amounted to $16,498,580 a market in specialities of high history of Britain could its mar- Hancock (foreman) Mr. I. E. Hof which the Assessment Tax con-
ket be better worth cultivating Oliver and Mr. Li Kam-fat, entered tributed $4,208,2777,-
Tokyo, Yesterday, quality, in which Brtain may share if it takes appropriate mate than at
at the present time, and the ite concluding stages in the Central Expenditure Reduced. The newspaper Nichi-Nicht
Magistracy yesterday afternoon 4-In view of the heavy fall in has offered a prize of 220,000; measures, With, this important Mission has published has given Thursday, afternoon when Mr.stepa to reduce expenditure wher- Brix and Doret if they succeed in circumstantial report which the The enquiry was adjourned until exabenge the Government took francs to the French airmen Le the pro pect of any
increase in the Bri many suggestions which deserve H. J. Armstrong will address the over possible and naturally turned their contemplated non-stop.
to be studied carefully. The task Court, and the Coroner will review first to Public Works Extra- fight from Paris to Japan, Bering, trade ›with
the evidence before asking the jury ordinary, the Kowloon-Canton Rull-Reuter. Is the more attractive because in to return a verdict way extraordinary expenditure, and Beveral respe the account) given of the market does not con- Arm the apprel
bstan
Chin
be
inls:
Public Works Recurrent. The A successful whist driveway under-expenditure on these it will held in the Police Recreation Club heads amounted
last night, on behalf of the funds Perhaps the brightest picti of the Police branch of the Minis ever, is shown in the tering. Childron'a." Lee quest in the efforts under, gi
three
Ten Years Ago.
committee
Iteins
bere
Stones
the Wix
LFrom the "China" Mail
Jury 3, 1921.3
Today's dollar is worth 2/7-
Notices are out for the
meeting of the Hong Kong Club on Wodnesday eveni 5.15 in the Sanitary Dep Board Room,by kind permission, the was circulated thic
alme
ring in
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