1937-04-28 — Page 17

RAILWAY RUMOURS

THE CHINA MAIL, APRIL 28, 1937. NANKING ADOPTS INCOME TAX RULE

DENIED⠀⠀

Report alleging that negotiations have been going on between the Chinese and Japanese authorities in North China for the construction of the Tsangchow Shinichiachwang Rail- way are flatly denied by the Ministry of Railways.

A set of measures for the relief of the situation arising out of the imposi tion of income tax on the interest de- rived from Government bonds which have been pledged by the various Gov-

No provincial or local government, it ernment organs as security for loans, was adopted at the 309th meeting of is stated, enjoys the right to negotiate, for the the Executive Yuan in accordance with without the consent of the Central au- the joint report of the ministries of thorities, with other parties Finance, Industry, Communications and building of railways in his country.

Furthermore, it is emphasised, the Railways..

The measures provide that all Gov-ministry has never sent any represen- ernment bonds which have already been tative to the North to undertake the pledged by the issuing organs for cash negotiations. loans are to be exempted from income tax before the repayment of the loan. In respect of all interest which has ac- crued prior to the adoption of these measures, income tax already collected is to be refunded accordingly.

Prof. of Cari Wiggers,

· Frof. Physiology, Western Reserve Uni- Ohio, will give versity, Cleveland,

Hong Kong

a lecture before the

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Boys

HEAD OFFICE, LONDON st

Paid-up Capital Reserve Fund Reserve Liability of Pro-

prietors

£3,000,000 .£3,000,000

Agencies and Branches:

Alor Star

Amritsar Bangkok Batavia

Iloilo Ipol

Fobe

BANKS

"HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital

$50,000,000

Issued and Fully Paid-t 20,000,000 Reserve Funds:-

Sterling

-Hong Kong Currency

Reserve

2,500,000

$10,000,000

$20,000,000

Reserve Liability of Pro-

prietors

HEAD OFFICE: HONG KÒNG.

BOARD OF DIRECTORS.

G. Miskin, Esq.,

· Chairman.""}

Hon. Mr. MAT; Johnson,

Deputy Chairman.

. £3,000,000

Hangoon

Saigon

Karachi

Samarang

Klang

cutta Canton Cawnpore

Kuala Lumpur

Seremban Shanghai Singapore

Kuching

Madras

Cebu

Manila

Sitiawan Sourabaya Taiping-

J. K. Bousfald, Esq., A. H. Compton, Esq., 8. H. Dodwell, Esq., J. B. Masson, Esq.,

on

Colombo Delbi Haiphong Hamburg

Modan

Tientsin

New York

Tongkah

Feiping

(Bhuket)

(Poking}

„Taingiso

Yokohama

- Hankow

Penang

Zamboanga

Flor bin

- Hong Kong

As regards this exemption and re-University Medical Society to-mor- funding of income tax, the organs con- row at 5.30 p.m., in the Union As-

will talk cerned should report to the Ministry

Applications of Physiology

of Finance the numbers of the afore-sembly Room. He said bonds, the amounts, date pledged, "Some rate of interest and amount of income to Medicine." tax.

Income tax should be imposed on in- terest from all other bonds. Hereafter when the payment of income tax on. the interest from bonds affects the pro- on these ceeds of the loans' secured bonds, the Government organs respon- sible for the issue of the bonds may list in their respective budgets amounts of the tax payable.

JAPANESE

INVESTMENTS

IN CHINA

£1,000,000 Last Year

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

the

Subscribed Capital

15. Gracechurch Street, London, E.G..

£3,000,000 Authorised Capital

1,800,000

Paid-up Capital

1,050,000

Japan's investments in China during 1996 are estimated to have

totalled

about £1,000,000, according to a re-

Reserve Fund & Rest... 1,247,830

BANKERS:

The Bank of England & Midland Bank, Ltd.

BRANCHED:

Ipob

aragbi

Bangkok

Bombay

Caloutta

Colombo

Kota Bharu

Kuala Lipis

Galla

Kuala Lumpur

Hong Kong Howrah

Kuala Trengganu

Delhi

New York Bang Pit Louls

(Mauritius) Bangoon

Shanghai

Simla

Kuantan (Pahang) Singapore

Madras

HONG KONG BRANCH.

Every description of Banking and Exchange 'Travellers Choquea issued.

Trustee and Executorships undertaken.. INTEREST allowed on Current Accounts and Fixed Deposits at Rates that may be ascertained on application.

D. BENSON,

port received by the Japanese Minis-business transacted. try of Commerce and Industry..

cotton spinning Investments in the industry, estimated to total about £400,- this 000, accounted for nearly half amount.

the metal totalled £78,500, while eight Japanese compan- the dyestuff ies invested £30,000 in manufacturing industry in China last

Japanese investments in

to have industry are said

year.

Investments in other industrial en- terprises were generally small, amount- ing to £40,000. In addition to these in- dustrial investments, the Mitsubishi Bank invested £50,000 in real estate, and the Whangpoo Wharf Co. £15,000. Several other concerns also invested in land and buildings.

Japan also invested £100,000 in China for cultural promotion. Other investments combined are said to have amounted to about £300,000.

7, Queen's Road, Central,

Manager.

THE WING ON BANK, LTD.

Head Office: Hong Kong. 26, Des Voeux Road, Central Authorised Capital $10,000,000

LONDON-BANKERS:

Westminster Bank, Ltd. Foreign Exchange and every des- cription of banking business transact- ed.

Current Accounts and Savings Ac- counts opened. Mixed Deposits re- ceived at rates which will be quoted on application.

Trusteeship & Executorship under- The two books, "Lenin" by Jeanz Jacoby, and "Stalin" by Henri Bar- taken. Safe Deposit Boxes for hire. busse, have been banned by the Egyp tian Government.

PHILIP GOCKCHIN, Chief Manager.:

Foreign Exchange and General "Banking business transacted.

Current Accounts opened and Fixed Deposits received for ons your or shorter periodu at "raten which will be quoted an application.

The Bank's Head. Office in London-undertakes claims And Trusteo business, Executor and recovery ef British Income Tax overpaid, on terms which may be ascertained at any of its Agencies and Branches:

R. W. ROBERTS,

Manager Hong Kong, 1st January, 1935.

THE BANK OF EAST ASIA, LTD.

..$10,000,000,00

.$ 5,598,600.00

Authorised Capital Paid-up Capital Reserve and Undivided

Profita

$ 2,776,726.76

BEAD OFFICE: HONG KONG. 10, Des Voeux Road Centre).

BOARD OF DIRECTORS:

Koon

Zun

Hoa Sir Shou-son Chow, Chairman; Li Chun, Esq., P. K. Kwok, Esq Tong, Baq.. Chan Ching thek, Esq.,] Sang, Eag. Wong Chu Ban, Esq. and Kon Ying Fo, Esq., Fung-Ring Wab, Esq.

Amoy

Kan Tung Po, Esq., Chief Manager, Li Teo Fong, Esq., Manager.

BRANCHES AND AGENCIES:-

Batavia Bombay

Calcutta Canton Haiphong Bankow Honolulu Kobe

Manila

Melbourne

Nagasaki

New York

Fenang

Gentile Semarang Shan-hai

Eingapore

Osaka

Paris

Pelping

Rangoon

Saatow Sydney Taibaka Tientalo

Kowloon London

Faigon

Tckyo

Bar Francison

Vancouvez Yoachame

Every description of Banking and Exchange Loans granted on approved business transacted. Becurities.

Local Currency

one year or

Current Accounts opened in and Fixed Deposits received for aborter periods in Local and Foreign Currencies on terms which will be. quoted on application.

Safe Deposit Boxes To Let.

KAN TUNG PO,

Chief Manager-

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED

BUILDERS OF ALL CLASSES OF SHIPS.

BUILDERS OF RECIPROCATING STEAM ENGINES.

BUILDERS OF MARINE AND LAND BOILERS.

BUILDERS OF TURBINE MACHINERY.

Under License From Messrs. Parsons.

BUILDERS OF DIESEL ENGINES:

Under Special License From Messrs. Sulzer Bros.

Licensed To Manufacture Lanz Perlit Iron, Specially Suitable

For Internal Combustion Engine Working Parts.

DOCK & SLIPWAYS

FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS, ON ANY TIDE

ALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING, BOTH ELECTRICAL AND OXY-ACETYLENE, SKILFULLY AND

PROMPTLY CARRIED OUT

Tel. Address :

Taikoodock," Hong Kong.

Telephone No. 30211.

Call Flag: “Numeral One,” over “Pennant Anns.”

BUTTERFIELD & SWIRE, Agents

H. 8. Morrison, Esq..

Hon. Mr. J. J. Paterson, T. E. Pearce, Enqu A. D. Shields, lagu,

V. M. Grayburn, Esq.,

Chief Manager. Da

AMOY

BANGKOK

BATAVIA

BOMBAY CALCUTTA

CANTON CHEFOO COLOMBO

DAIREN FOOCHOW HAIPHONG

HAMBURG HANKOW HARBIN HONGKEW ILOILO

ГРОН

JOHORE

КОВЕ KOWLOON

BRANCHES :-~-~-

KUALA LUMPUR

LONDON LYONS “MALACOL.

MANILA: MUAB (Johari) MURDEN

NEW YORK TEIPING PENANG RANGOON SAIGON SAN FRANCISCO SHANGHAI SINGAPORE SOURABAYA BUNGE PATANI TIENTSIN

TOKYO TSINGTAO YOKOHAMA

Current Accounts opened in Local Currency and Fixed Deposits roosived for one year or shorter periods in Local Currency and Starling on terms which will be quoted on application.

ALSO up to date SAFE DEPOSIT BOXES ̧in various sizes TO LET.

Hong Kong, 1st March, 1937.

HONG KONG SAVINGS BANK

The Business of the abova Bank is conducted by, the HONG KONG AND SHANGHAL BANK- ING CORTORATION.. Bples may be obtained on application.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION, 47

GRAYBURN. Chief Mani

Hong Kong, 1st March, 1087.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880.

Capital (fully paid-up) Yen.100,000,000 *. Yen.182,650,000 Reserve Fund

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria

Bangkok

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dainy)

Fengtien (Mukden)

Hamburg Hankow

Harbin

Hong Kong

Honolulu

Hsinking

Karachi

Kobe London

Manila

Moji

Nagasaki

Nagoya New York “Osaka“ Otara.

Paris Peiping Rangoon

Rio de Janeiro San Francisco Seattle

Semarang Shanghai Singapore

Sourabaya

Sydney

Tientsin

Tokyo

Tsingtan

Yingkow

Los Angeles

Interest. allowed for Current Ac- counts.

Deposits received for fixed periods at rates to be obtained on applica-

tions.

Hong Kong, 10th March,

THE

Y. KANO,

Manager.

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up

Reserves

$5,000,000.

$7,500,000.

Capital Savings. Dept. $600,000. Reserve Savings Dept. $600,000.

Head-Office-Shanghai---

Bank haying, as its mission the industrial development on China and the fostering of her commercial relations abroad Hong Kong Office----

6. Queen's Road, Central. Phone 31116,