1937-05-24 — Page 17

THE CHINA MAIL, MAY 24, 1987.

CHINA'S INCOMES

HIGHER

BUDGET ESTIMATE

DETAILS-I

FINANCING IN CANADA

Largest In Five Years

For the first three months of 1937 Canadian provincial and municipal The National Budget Estimates for financing amounted to $340,211,637, the the 26th fiscal year (July 1, 1937-June largest volume for a similar period in 30, 1938), balanced at $1,000,649,478, any of the past five years, according to which were approved by the Central Wood, Gundy & Co., Ltd. Of the 1937 Political Committee at its 44th meeting total, $328,257,950 was issued for re- will be forwarded to the National funding purposes and $11,968,687 for Government for transmission to the new money. Directorate-General of Budgets, Ac- Financing in the month of March this counts and Statistics for the compila-year was also the largest for this tion of the General Budget. The Na-month in any of the past five years, tional Government will then refer the amounting to $72,500,445, compared General Budget to the Executive Yuan with $57,162,292 in the same month last for adoption and transmission to the year. All financing during the month Legislative Yuan for passage. The was placed in the Canadian market, and General Budget will thereafter be pro-the largest issues were for refunding mulgated and enforced by the National of Dominion of Canada treasury bills, Government in accordance with the two for $25,000,000 each. Budgetary Law.

It is learned from well-informed cir- cles that the National Budget Estimates show an increase of $151,617,488 in the Ordinary income.

of

In the provincial field, the largest borrower was the provincially-owned Hydro Electric Power Commission Ontario, with an issue of $19,000,000.

Corporate financing for 1937, through Customs revenue is estimated at March 81, totaled $57,471,300, of which $338,222,816,--an increase of $34,546,- || $37,929,500 was for refunding and 743 over that of the current fiscal year. $19,541,800 for new capital. This Salt Revenue is put at $228,495,653, compares with $120,771,192 in the same —an increase of $39,808,428.

period in 1936;

Consolidated Taxes are estimated at $175,617,650,--an increase of $41,761,-

533,

Income Tax is estimated to yield

SHIP DISPUTE

$25,000,000-an increase of $20,000,000. Compromise Suggestion

Net profits from State-operated en- terprises are expected to bring $16,- 079,787,-an increase of $16,000,784.

The income from these five sources total $783,409,906 or an increase in re- venue amounting to $151,617,488.

Expenditure

As regards Ordinary expenditures, with the exception of the expenses for foreign affairs, which will be reduced by $291,000, increases are registered in the expenditures for Party; national, military, interior, financial, education, judicial, industrial and communication affairs and the loan service.

There will be an increase of $6,800,- 000 for educational

expenses; and

$70,000,000 will be set aside as sinking fund for reconstruction: purposes.

Sir Stenson Cooke, secretary of the Automobile Association, has had con ferred on him the decoration of “ăn Officer of the Order of the Crown of Belgium in recognition of his work in promoting international touring.

In Japan

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incor

Bayst Chi

BANKS

HONG KONG, AND SHANGHAI BANKING CORPORATION,

Authorised Citiis

$50,000,000

Issued and Fully Pai

20,000,000

Reserve Funds-

Sterling

6,100,000

Hong Kong Currency

£3,000,000 £3,000,000

“ነ

Reserve

$10,000,000

prietors

.£3,000,000

HEAD OFFICE: LONDON

Paid-up Capital Reserve Fund ........ Reserve Liability of Pro

prietors

Agencies and Branches:

fjello Ipok

Klang Fobe

Hangoon Balgon Semarang Barenban Shangkai

H

Alor Star Araritsar Bangkok Batavia Bombay Calcutta CantonTM Cawnpore Cabu. Colombo Delhi Haiphong Hamburg Hankor

Harbin Hoa Kon

A SitiawaTS

Kuala Lumpur şi Singapore

Kuching- Madras Manila Medan

Now York: Peiping

(Peking) Penang

Sourabaya Taiping Tiantain

Tongkah

(Bhuket) Telagiso Yokohama Zaraboanga

Foreign Exchange and General Banking businons transacted.

Current Accounts opened and Fixed Deposita received for one year or shortar parinda ni matok which will be quoted on application.

The Bank's Head Office in London undertakes Executor and Trustee business, and claims recovery of British Income Tax overpaid, on which may be ascertained at any of its Agancias and Branches.

B. W. ROBERTS,

Manager. Hong Kong, 1st January, 1935.

THE BANK OF EAST ASIA, LTD.

The problems arising, out of the rivalry between the Japanese- and British merchant marine should be solved by negotiations between the private interests involved, Count Hideo Kodama, Minister of Com- Reserve and. Undivided munications, told the Japan Ship- owners' Association.

Authorised Capital $10,000,000.00 Paid-up Capital

$ 5,598,600.00

Profts

י י

.$ 2,776,726.76

HEAD OFFICE :--HONG KONG. 10. Das Toux Road, Central.

BOARD OF DIRECTORS :— that Hoo. Sir Shou-son, Chow, Chairman; ↑ Li Ecou

Esq.,..

Chu Bon, Eg, and Kan, Ying To, Esq, Fung Ping Wab, Esq.

Commenting on the present pur- Kodama expressed his belief chases of foreign bottoms, Count

the shortage of ships was not auf-on, Chan, China ficiently acute to warrant such Bang, Esd Wong

action:

THE WING ON BANK, LTD.

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

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

The L.M.S. Railway ran a special train from St. Pancras to Leeds as an operating test, in Shr. 37min., the maximum speed reached being 87 m.p.h. between London and Bedford. fed

| Current Accounts and Savings, Ac- An overwhelming reception was counts opened. Mixed Deposits re- given Tommy Farr, the British heavy-ceived at rates which will be quoted weight boxing champion, who last on application.

week beat Max. Baer, when he visited Trusteeship & Executorship under- his home town, Tonypandy, Glamor taken. Safe Deposit Boxes for hire.

Rhondda gan.

sportsmen him with a silver salver.

presented

PHILIP GOCKCHIN, Chief Manager.

Kan Tung Fo, Esq., Chiat Manager. Li Tre Fong, Esq., Mazager,

BRANCHES AND AGENCIES :-

Mania

Amoy *Batavia

Bombay Calens

Melbourne

Seattle Semarang

Nagsanki New York

Paris

Shanghai

Eingapore

Sourabays

Honolulu --Kobe

- Kowloon Loadin

Felping

Yenang Rangoon

Salzon

San Francisco

Swatdw Sydney

Tientsin

Tckyo

Yokohama

Every description of Banking and Exchange business transacted.: Lowns granted on approved. SDOUTĀkiOS

Current Accounts opened in Local Currency and Fixed Deposita reosived for one. TORE shorter periods in Local and Foreign Currencies an terms which will be quoted on application.

Salo Deposit Boxes To Let.

BAN TUNG RO.

Ukial 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 *: “ Talkoodock," Hong Kong..

Telephone No. 30211..

Call Flag: “Numeral One,” over “Pennant Auns,”

BUTTERFIELD & SWIRE, Agents

Reserve Liability of Prog)

***$20,000,000°

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS.

G. Miskin, Esq.,

Chairman.

Hon. Mr. M. T. Johnson,

- Deputy Chairmans:

*1. E. Bonsfield, Esq., K. S. Morrison, Eeg.. A. H. Compton, Eaque Hon. Mr. J.JsPaterson, S.-H. Dodwall, Esq. T. E: Prazos, Esq., J. R. Mason, Eaq....

A. L. Shields, Esq., Sir Vandeleur M. Grayburn,

Chief Manager, ki

AMOY

BANGKOK

BATAVIA' BOMBAY CALCUTTA CANTON CHEFOO COLOMBO- DAIREN FOOCHOW HAIPHONG

HABBIN HONGKEW ILOILO IPOH JOHORE KOBE KOWLOON

KUALA

BRANCHES:-

LA LUMPUR.

LONDON LYONS MALAOCA MANILAVA MUAR

(Johors) MUFDEN NEW YORK

BANGOON SAIGON SAN FRANCISCO SHANGHAI

NGAPORE. SOURABAYA SUNGEI PATANI TIENTSIN TOKYO

TSINGTAO

YOKOHAMA

Current Accounts opened in Local Curranoy and Fixed Deposita escaived-for one your or alertar perioda in Local Currency and Stalling on terma which will be quoted an application.

ALSO up to date BAFE DEPOSIT BOXES in ratious sizes TO LETS

Hong Kong, lat March, 1987;

HONG KONG SAVINGS BANK

The Business of the above Bank is conducted by the HONG KONG AND SHANGHAI BANK- ING CORFORATION. Bules may be obtains

application. A

110

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATIONAL PERKALARAN Sgut.

V.M. GBAYBURN,

Hong Kong, 1st March, 967.

THE YOKOHAMA SPECIE BANK LIMITED

Established 1880

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

Yen,132,650 000

Head Offics: YOKOHAMA

Branches and Agen

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 Now Osaka

Otard Paris Peiping Rangoon Rio de Janeire San Francisco Seattle

Semarang

Shànghar1

Singapore

Sourabaya

Sydney

Tientsin

Tokyo

Tsingtau

Yingkow

Los Angeles

Interest allowed for Gurrent As- counts.

Deposits received for fixed periods sat rates to be obtained on applica

tions.

Hong Kong, 30th March, 1987.

SHANGHAI SAVINGS

(Incorpors

Capital paid up ¿ReservesIÓN, ANG

Y. EANO,

Manager.

Capital Savings Dept, Reserve Savings. Dept.

1000. 0:600,

$50

Head Office Shanghai

on

A Bank having aseits mission the industrial development China and the fostering of her commercial relations; abroad.

:: Hong Kong Office--|-

Queen's Road.-Central.)

Phone 81116