1915-04-23 — Page 2

ZETIZATIONS

NEW SHIPMENT

OF

VICTOR RECORDS

66

RECEIVED BY THE

S.S. PANAMA MARU.”

ALL THE

LATEST

PATRIOTIC SONGS,

INCLUDING:

"TIPPERARY.”

EXCLUSIVE AGENTS:

ETC

THE HONGKONG DAILY PRESS, FRIDAY, APRIL 2300 1916.

S. Moutrie & Co., Ltd.

[31

PRINTING & BINDING

OF EVERY DESCRIPTION EXECUTED AT THE OFFICES OF THE

"HONGKONG DAILY PRESS,

WHICH ARE REPLETE WITH ALL THE LATEST AND MOST UP-TO-DATE APPLIANCES FOR THE PROMPT PRODUCTION OF

HIGH-CLASS WORK.

ILLUSTRATED CATALOGUES.

PRICE LISTS,

CIRCULARS.

(BALL AND CONCERT PROGRAMMES,

INVITATION CARDS.

VISITING CARDS.

AND

| HONGKONG SHARE MARKET.

Messrs. Vernon & Smyth in their weekly share report, dated 22nd April, -state:-

Our last circular was issued on the 16th instant, During the interval thero has been more activity in the local mar ket, and a fair volums of business has been transacted, rates generally closing firm. Rubber in London is quoted at 2/61 per lb., and Tin at £10 Bar Silver closes at 23 13-16d., and Sterling T.T. at 1/91. The T.T. rate on Shanghai is unchangel at 78, and on Singapore at 773

BANKS. - Hongkong and Shanghais have been neglected throughout the perio: under review, and close as before with sellers at $800.

MARINS INSURANCES. — Cantons have advanced to $880 with sales and further buyers. The General Agents of the Com- pany announce a final dividend of $4 per share, making $22 in all for 1913, and an interim dividend of 218 per share on account of 1914. Three lacs of dollars are transferred to reserve, bringing that fund up to two-million dollars, and twenty laca of dollars carried forward to the new account, Unions are unaltered at 8910, at which rate business on a small scale, has been done. North Chinas are in request at Tls. 150, and Yangtzes nominal at $220 with change 73.

HONGKONG'S FINANCES.

REPORT FÖR 1914.

The following report on the finances of the Colony for 1914 was laid on the table at the meeting of the Legislative Council yesterday.

REVENUE

The total revenuc for the year amounted to $11,007,973, being 31.254,313 in excess of the estimate and 82,484,634 more than the revenue in 1913. Compared with that year there were increases under the beads Licences, Fees of Court, Rail- way, and Reat of Government Property.

The principal sub-heads showing Alt

estimate are increase over the follows:-

(e.) Assessed Taxes (b.) Land Sales (c.) Leased Lands (d) Forfeitures

(e) Sunday Cargo Working

Permits

(f) Court Fees (.) Possession Fees

Water Excess Supply... 12. Upium Monopoly. (3) Markets ....

(4-) Widows and Orphans

$ 104,187 15,186

10,00

.$7,181

11,050

-11,609

12,576 20,400

1,108,300

12,50€

13,865

As

Pension Contributions. Besides the above a bill against the British Post Offices in China on account of 1010 and amounting to $12,440 wILS settled last year.

FIRE INSURANCES.-Chinas are some what firmer with buyers at 8128 and no sellers under $180. Hongkongs are still

The increase under (d) is due to num- in request at $380, but no shares are obtainable under an advance.

erous arms and cocaine cases and under SHIPPING.-China and Manilas con- (1) to adeption of direct Government tinue on offer at S01, and Steamboats are control, while the remainder with the quiet with probable sellers at exception of (g) which is a new item may be taken as generally due to the growth Douglasca continue to advance and are of the Colony. now in request at $39 with no sales to report. Indo-Chinas have been in strong demand, and sales for cash-and- settlement delivery have been booked at various rates up to $100; and at $100 ro $102 for June delivery. Star Ferries are a trifle easier with sales and probable tellers at $35

The principal decreases wero :--- (a) Liquor Duties. Stamp Duties () Medical Examination of

Emigrants

$38,044

80,172

44.523

(d) Conservancy Contracts 28,712 (c) Post Office

***** 41,578

Of these (t) was probably ovet Orts-Langkats are firmer with buyers estimated, (b) is partly due to the War, at Tla. 373, possibly Tis. 38. Shells are while (c) Emigration to the Straits was unchanged at 90/- buyers, and no sellers stopped in August, (d) the fees due under under 01/6. Ural Caspians have ad-the Contracts were reduced, and (e) was vanced to 43/- and close in request.

no doubt due to depression of trade on REFINERIES-China Sugars have ruled account of the War.. quiet with small sales at $112, and Luzons neglected at $28. sellers.

EXPENDITURE.

The total expenditure amounted to being $150,368 over the 810,756,224,

GENERAL REMARKS

The only alteration of importance during 1014 in the revenue system was the abolition of the Opium Farm, sub- stituted by direct Government control.

and The total receipts

payments year were $24,970,000 and 825,060,000 accounted for by the Treasary during the respectively, compared with e18,812,800 azid 815,542,520 in 1913. The figure not accounted for under revenus and expen- diture relate to transactions under vari- cus heads such as Deposits, Advances, and Railway Constriction.

Subsidiary coins in stock and in transit to London for redemption pur poses on the 31st December was of the ave value of $959,563.08 as follows;—

50 cents. 20

10

5

Copper

$ 4,995.00 2,783,20. 888,034.70 6,630.60

30,048.38

$939,863.68

purpose

Coins of the face value of $5,000,000 all in 10 cent pieces were sent to England

the

of during

year for demonetization.

The limits between which the rates of discount ranged wore:-

1

30 cent-pieces i per cent. to 131 per cent,

191 19 15.

10

5.

Copper

2

31

19

143 pur. to 11

On the 1st March, Ordinance No. 15 prohibiting the circulation of foreign

Dickel

coin came into silver and forco and has effected the disappear. ence of foreign coins from circulation, thongh owing to business depression and the War no permanent result has yet appeared in the way of decreasing the discount on the Colony's currency..

INTIMATIONS

JUST LANDED: ·

HIRANO MINERAL

WATER"

IN QUARTS, PINTS AND SPLITA.

Bottled by the

IMPERIAL MINERAL WATER CO.,

LTD., OSAKA.

By appointment to the Imperial Household of Japan, Ofletally Recommended by the Medical Colleges of The Imperial Universities of Tokyo and Ryoto

(SAMPLES FREE).

SOLE AGENTA :

CALDBECK,

Owing to depression of trade silver MACGREGOR&C.

dellars were in no great demand during | deg

the end of the year and consequently

-bunk-notes were at a premium, ranging

from 4 per cent, to 10 per cent.

The circulation in December of notes of the three Banks having authorized issues was as follows:

Hongkong and Shanghai

Bank

823,482,903

Chartered Bank of India,

0,071,6% Australia and China. ..... Mercantile Bank of India, 1,308,191 $30,862,727

G.

NOTICE

اتف

NY EUROPEAN desiring to leave the A

Colony should apply in writing for per- mission to do eo to the FROVOST MARSHAL, Head Quartera Offices, at least 48 hours before the intended hour of departure, giving name, nationality, age, sex, height, complexion and

estimate, and $2,008,911 more than the THE HIGH PRICE OF TEA. occupation of the applicant, and stating the

votes

A LACK OF TEA CHESTS IN THE EAST.

In an article in The Times en March

name of the steamer or other vessel or the hour of the train by which the applicant wishes to Icavo. Applicants should apply in person for their passes to the PEOVOST MABBHAL at Head Quarters Offles between the hours of 9 AM És 1 P.M. and 9 P.M. to 4. F.. daily.

Hongkong 96th January, 1918, 1207

Q.

NOTICE.

COMMERCIAL STATIONERY Long Lande are unchanged at $110, and Dune Imports and Exports Department forward contracts," he says, have been future to apply between the hours of 9 A.M. To

OF EVERY DESCRIPTION

EXEJUPED WITH

AND

DESPATCH NEATNESS, ACCURACY UNDER EXPERIENCED EUROPEAN SUPERVISION, AT REASONABLE

PRICES,

BOOK-BINDING

IN ALL ITS BRANCHES.-

MACHINE-RULING, GOLD-LEFTERING, MARBLING, Ero EXECUTED ON THE PREMISES AT THE SHORTEST NOTICE.

LAW WORK A SPECIALITY.

-LEDGERS AND ACCOUNT BOOKS.

AT PRICES WHICH COMPARE FAVOURABLY WITH THOSE OF ANY OTHER ESTABLISHMENT IN THE FAR EAST.

ESTIMATES FURNISHED.

[292

MINING. Kailans in the early part of the week were marked down to 32/6, but have since recovered to 34/, as which the market closes steady with sales. Raubs expenditure in 1913. Compared with the

estimates there were decreases under 1 declined to $3h, but at this rate are heads as against 10 leads where there wanted. Tronohs have not been dealt ir

were increases. The excess, counting to and close without. chango at 32,'0

8688,003, under Miscellaneous Services, nominal..

was largely due to loss on subsidiary DOCER, WHARVES AND GODOWNS.-Hong-coins, of which 80,000,000 worth wore sent kong and Whampoa Docks have been home for sale as bullion. Military Ex-16 dealing with the present high price booked at 807 and more shares are proponditare exceeded the estimate on account of tea it was attributed by the writer curable. Hongkong and Kowloon of the War by $122,070, and an excess himself prominently engaged in the trade. Wharves continue quiet, and close with ur 888,000 under Public Works Recurrent to thrush of dealers to secure tos for ont feature at 968. In the North New is largely accounted for by increases in anticipatory payments of duty; and in

of the Engineerings are quoted at Tls, 8 buyers, respect

Waterworks: spite of denials, there is no doubt about Shanghai Docks at Tis. 53, and Shang- Maintenance of City and Hill Districts, this being at least one important cause hai and Hongkew Wharves at Tl. 83, Maintenance of Roads and Bridges in the Further fight, however, is thrown on this both nominal.

City, and Maintenance of Huildings matter by a tear-grower, who wrote to There was

decrease under Typhoon The Times to point out come additional LL Persons applying to the PROVOST

in the. Dainages

MARSHAL for Fasses are requested in of price. Several made at about current rates, delivery 1 F.M. and 2 to 4 F., daily.

Hongkong, 16th February, 1016. running well on towards the end of the year, Such contracts therefore could not have been made to escape an increase of duty, which if enacted would come into force long before the expiry of the contracts. Undoubtedly the fear of an enhanced duty has increased the dealers demands; but the heavy sales of the in Colombo for Vladivostok, the anticipation of large supplies being shipped to Russia in the Dardanelles, the diversion of Java teas to Holland, and the large Army and Navy contracts have all probably weighed with the dealers in estimating a shortage of the commodity. There is still another point that those in the know may have taken into consideration. I refer to the likelihood of shipments of tea from the East being hung up for luck of tea chests, Hitherto these have bees supplied from FRENCH LESSONS threo staroes-Russia, Japan, and nativo Indian-and Ceylon wood-Russia supply ing probably about 70 per cent. of the 268,995.86 requirements. This latter source is now 1,653.75 entirely cut off. That Japan and local 678,000.71 supplies can fill the orders is far from 671,428.57likely, and if they could, another difi-

8,743.43ealty arises from 1,008,755.0 packages. Unlike the Russian chests they

LANDS, HOTELS AND BUILDINGS-Hong-

Central Estates at $100. Hongkong Hotels are quiet with sellers at the over-estimated its expenditure by $83,186, reduced rate of $118. Humphreys Estates while the sum not required by the Post The Charge on are firmer with buyers at $660, Kowloon Office came to $66,774. Lands continue in request at $40, and account of Public Debt was overestimat West Points could probably be placed at by 238,045.

There was a saving of a sum of $401,205 under the vote for Pablic Works Extra- ordinary, due to work, being delayed or deferred, including Wireles Telegraph Station $61,819, Tytani Tuk Waterworks $190,740, the West Point Reservoir $145,497, and the Repairing Yard for Government Launches $93,610.

$69.

Corror MILL-Ewes have further in proved and close with buyers at Tis. 140 Hongkongs are wanted at 80 Kung Yike at Tis. 13, Loou Kang Mows at The 85 and Shanghais at Tls. 9. Soy Chess remain at Tis. 40 with probabic sellers,

MISCELLANEOrs. Coments have been This revenue for the year exceeded the booked at $53, but are now probably proexpenditure by a sum of $251,049, curable at 26.40, Hongkong Trams are whereas a deficit of $842,800 was anti in request at 85.10 after sales, China cipated; with the result that the credit Providents at 873. Electrics at $41. Ropes balance of $2,639,496 at the end of 1913 as 826, and Dairy Farms at 834. There was increased to $2,910,474 at the end of are sellers of Steam Laundries at $31, 1914. Watsons at 87, and Powells at $61.

MEMOS-Union Insurance Socisty Canton, Ltd., ordinary annual meeting on the 23rd inst., transfer books closed from the 13th to 23rd inst., inclusive. Deposits not Available China Borneo Co., Ltd., ordinary annual House Servies, meeting on the 30th inst., transfer books Crown Agente Advances,

Drafts, 16th to 30th inst.. ji closed from the ordinary annual meeting on the 10th Overdral, Bank, prox.. transfer books closed from the 28th

Total Liabilities,. ins, to 10th prox. inclusive.

Balance,

Total,

The following statement shows the Liabilities and Assets on the 1st Team ber, 19165

LIABILITIES,.

10a, DES VŒŒUX ROAD, HONGKONG. inclusive, Canion, Insurance Offies, Ltd., Postal Agencies in China,

WM. POWELL

LTD.

TELEPHONE 846.

JUST RECEIVED:

SEASON'S STOCKS NEW SEASON'S

OF

LISLE THREAD SILK AND CASHMERE Socks.

WASHING TIES.

WASHING BELTS.

B. V. D.

SHIRTS, DRAWERS AND PYJAMAS.

AERTEX AND FLEXINETTE. UNDERWEAR.

HIGH-CLASS GENT'S, OUTFITTERS. Phone 3461

1101

THE HONGKONG VOLUNTEERS,

ORDERS BY LIEDT, COL, A. CHAPMAN, "V.D.

JOINED,

1.--Pte. C. Wallace joined the Corps on 22nd April, allotted Corps No. 1805 und posted to Scoute Company.

LECTURE.

2.-A lecture will be given by the Instrue tor of Gunnery to Officers, Nos. 1 und Gunlayers of Nos, 1 and 2 Sections Artillery Battery and Left Section M. G. Co., at Headquarters to-day, 23rd inst., at 5.30 p.m. Other mem- bers of these units may attend. FIELD DAY, 25TH INST. Parade on Cricket-ground at 8.30.

1.1.

Two

DressLight marching order.

pouches to be worn. No bandeliers. Waterbottles and haversacks to be carried, Helmets, khaki jackets and shorts will be worn. Pull-throughs and fannelette must be carried to clean rifles after firing. All unite except the Engineer Co. will attend.

PARADES.

4-Parades for to-day (Friday)..

Xo. 2 Section Art: Batty, and Right and Centre, Sections M. G. Co.-under Officers on duty:

6.00 p.in. Civil Service Co-Table

M. G. Course on Kennedy Road Range. Remainder, wil.

DETAIL

5.-Units on duty, No. 2 Section Artillery Battery, Right anil Centre Sections M. G. Co. and Civil Service Company. Ocers on duty: Capt. W. M. Beott and

Lieut. A. E. Wright.

Orderly Officer: Lient: A, E. Wright. Orderly Sergeant: Coryl. W. Brown.. To furnish guard:-

7 p.m. to-day to 7 am tomorrow:

Civil Service Company.

Next for duty: H.K.V.R

G. E. STEWART, Capti,

Adjutant H.K.V.B.

ASEETE

Subsidiary Coins, Advance,

Imprest, Railway Construct) Unallocated Stores, Crown Agents Current Ac

count,

Totul de Total

$

the use of these

FOREIGN

FOR SALE.

STAMPS,

All kinds of

POSTAGE ALBUMS, and other PHILATELIC GOODS,' at Prices to enit any Enyers. :. GRACA & CO.

ICAINE ROAD, No!l1. ** Hongkong, lat April, 2015.

· MOUSSION,

15, MORRISON HILL BOADI

require to be hosp-ironed. Now, all tho ASAHI

2,580,687.95 hoop-iron used in the East comes from 2,910,478.07 Germany, and stocks are exhausted in India and Ceylon. Whether English 5,497,161.92 manufacturers can rise to the occasion I have no means of knowing, but I do know there will certainly be a seramble among 059,862.03 tea and rubber planters in the East for

packages in the very near future. 326,452:57.

·C+

118,930.04 3,994,653.98

321,900 50 PAPER PULP FROM GRASS.

7,984.86

The extraction of paper pulp from a 5,407,161.32 ertain grass grown in the Tarai is a 5,497.161.92 new industry which the Indian Govern- The following table shows (the rowthment is endeavouring to introduce into [in] the Revenue and Expenditure during

the last five years:---

Revezine Expenditure, Surplus, Deficit,

1910.

PUBLIC DEBT.

1914.

the United Provinces, and the circum- stances are such that it is to be started Es Blato industry. The matter is 6,650,869. 11.007,273.00 explained by Mr. Burn, the Chief 0,507,113 10,768,221.82 Becretary, as follows:-Some years ago

53,700 251,048,27

a firm applied to this Government for a concession of the right to cat a certain kind of grass grown in the Tarai, the The Inscribed Stock Loans of 1933 and brass known locally as ulla. This grass 1806 amount to £1,435,732 and the con- had been experimented with at the Exhibition by a pulping tributions to the Sinking Fund with Allahabad. accrued interest total £188,994, being expert and his report on it was extremely 400, 100 more than the amount at credit favourable. Some of the pulp which he of that fund at the end of 1913. The"

produced from the grass was taken to market value of the fund's investments England by a forest officer and shown to on the 31st December was unas ertainable

some manufacturers who use pulp there, as no report of prices has reached this and was declared by them to be of a fine Department.

Of the loan of £1,100,000 to the late quality as any other produced in any Viceroy of Wachang £971,520 has been quarter of the world. A firm. proposed to repaid and advanced to Railway Can-ake a contract for extracting this parti struction Account (the arrears in account calar grass, but it has withdrawn from of 1914. have since been received).

The concession because it has obtained one in a part of the country where His operations are easier to conduct. The expenditure on Railway Construc-honour is now prepared to take up the tion amounted at the end of the year to $14,095,660, that during the year being question of pioneering the extraction of 8374,429, chiefly in caurection with the pulp from that particular kind of grass. erection of a terminal station. The funds in the first instance as a Stato industry, for this expenditure have been obtained and inquiries are now being made as to by the advance of £971,590 from the Wu- the plants which will be required and chang Loan, by advances from the Crown the cost. This also will be a very con- Agents in the sum of £109,404 and by siderable industry in the Tarai and por

tions of Rohilkhand. advances from general account.

KOWLOON-CANTON RAILWAY,

THE DAI NIPPON BREWERY

ASAH

[465

[428

BEER.

BEER

COMPANY

& CO.. TOKIO JAPAN.

OBTAINABLE EVERYWHERE.

BOLE AGENTS !

MITSU BUSSAN KAISHA.

HONGKONG.