1920-05-19 — Page 7

Page

THORNYCROFT

JOHN. I THORNTOROFT & Co., LIMITED,

SKIFSUILDERS AND ENGINEERS,

LONDON, SOUTHAMPTON AND BASINGSTOKJ.

Shanghai Ofice: 65, Szechuen Road.

MARINE MOTORS AND MOTOR BOLIS. 31010R LIGHTING" AND PUMPING SETS

SHALLOW DRAFT STEAMERS.

THORNYCROFT GIL» FUEL SYSTEM.

Commercial, High-speed and Pleasure Craft.

THORNYCROFT WATER-TUBE BOILERS. THORNYCROFT MOTOR VEHICLES."

Our Motor Engineer and our Naval Architect. both Thornycroft experts, now resident in Shanghai,, will give attention to all inquiries.

Early deliveries, can be made of 15-b.h.p., 30-b.h.p., 45-h.h.p, and 10-h.h.p. Kerosene Marine Engines. .......

119"

RR ROXBURGH,

Manager for China.

THE FUJI TRADING CO.,

LIMITED

(Inc. in Japan)

PAPER

of all Descriptions In Stock.

Address: 1, Chater Road Central, Hongkong P. O. Box: $40. Telegraphic Address: Fujiboyeki, Hongkong.

Head Office: OSAKA.

Telephone 3453.

Just received from U.S.A., a new shipment of Typewriters-

different models:

108

Inspection cordially invited by-

UNIVERSAL IMPORT & EXPORT CO.

HOTEL MANSIONE,"

SHIPBUILDERS.

SHIP REPAIRERS, BOILER MAKERS, FORGE MASTERS. OXY-ACETYLENE & ELECTRIC WELDERS. MECHANICAL &

ELECTRIC ENGINEERS

! ོ་ |

TOP FLOOR,

HONGKONG.

DRY

DOCK,

OF HONGKONG, LIMITED.

TAIKOO DOCKYARD & ENGINEERING COMPANY

THE HONGKONG DAILY PRESS, WEDNESDAY, MAY 197H, : 1920.-

Length 787 Feet: Length on Blocks 750 Ft. Depth on Centre of Bill (EL.WO.S.T.) 84 ft. 6 ins.

THREE SLIPWAYS-

Capable of Handling Ships Up to 3,000 Tons Displacement. Electric Crane at Sea Wall, Capable of Lifting 100 Tons at 70 Feet Radius

BUTTERFIELD & SWIRE,

TEL ADDRESS: "TAIKODDOCK," HONGKONG TELAFHOSE No. 212

AGENTS.

CALL FLAG: “COVER ANS. PENNANT, HONGKONG, CHINA & JAPAN,

THE CHINA & AUSTRALIA S.S. CO.

BRITISH SHIPPING

ITS HOLD ON THE EAST:

H.M. Commerctal Counsellor writing! upon the subject of British shipping in

the Board of Trade Journal wayB****

MILKMAID

While it it, quite true, as stated in the STERILIZED

Pournal of Novianiber 20th, last, that the Japanese have, capecially since the war, very considerably increased their share of the shipping trade in Far East- ern waters, the statement hardly does justice to the important part played by British shipping companies in this trade, and is, inlet, apt to be misleading.

NATURAL

MILK

(COLOURED LABEL) IT POURS

The following table shows the percent OUT OF THE age of tonnage employed in all China ports by the principal countries trading with the Far East in the years 1913 and 1019-

1913.

1918.

Americia.......96

40:84 1.32

1.51 37.27.**.

British

German...re 6.7.7

French

Japanese

Russiae

Chinese

25.10

31:51

1.82

.........

#21.39

03 #27.14

* Chiefly coast and river stäamera. It will be noticed that although the British share has decreased from 30.84 per | cent. 10:37.37 per cent, and the Japanese

shows an increase from 95.10 to 31:51 per: cent, Great Britain stiki Jeans the way, and there is every indication that with a return to normal conditions in the ship, ping trade of the world the British share of the carrying trade of the Far East will once more regain and even surpass its former importance.

For MELBOURNE & SYDNEY VIL MANILA, SANDAKAN & QUEENSLAND PORTS

"HWAH PING"

VICTORIA

For Passage and Freight apply to

On or about June ist..

2nd July

THE CHINA & AUSTRALIA S8 00.

THE COASTING TRADE.

ot

The Japanese made strenuous efforts during the war to gain a footing in the coasting stade China, which has hitherto been largely in British and Chinese hands, and they also took advant- age of the shortage of "British tonnage to extendi their European and American. lines. But in the coasting trade we have fortunately been able to hold our own, and we are slowly but surely getting back into the European and American trade.

The Americans are making a strong bid for the Pacific trade, but it is doubtful 1. they have the organization or experience necessary to enable them to compete suc cessfully with the British and Japanese lines.

The Chinese still ecnfine themselves to the coasting and river trades, though attempts are now being made by various native companies to extend their lines to the Straiti, India, and beyond.

FOREIGN INVESTMENTS,

TAX ON EXCHANGE PROFITS. Questions having arisen concerning the liahfiity in respect to income tax upon the large prosto now being realised by companies liquidating their foreign and Colonial investments Mr. Chamberlain has sent the following letter to Mr.'G W. Currie

DEAR SIR-With reference to your letter of the 10th ult. (March) the Chan cellor of the Exchequer has asked me to say that he understands that the income tax position with regard to profits due to exchange has now been fully explained to you by a representative of the Board of inland Revenue Mr. Chamberlain, how- ever, thinks that the following brief sum- mary of the position may be of interest to you wa

Where a company is liable to income tax in respect of any profits, and such profits 'are increased by reason of the rate of exchange, the whole of the profits, includ- ing the part attributable to the exchange, are chargeable with income tax Where particular transactions result in a sur- plus or profit which is not itself taxable income within the scope of the Income Tax Acts," any additional profit from exchange attaching to that surplus or proft in equally outside the meshes of the income

tax net.

BEST

TIN LIKE

FRESH MILK

171

PACKED BY NESTLE'S

IN, TWO SIZES

3/4 pint

1/4 pint SOLD EVERYWHERE.

WEATHER REPORT.

894

May 18t2, 1213-No returns from Japan, and Vladivostocku

Pressure has 'ingrouse slightly at the highest over Japan, and remalus relatively majority of repæling stations; it is probably los over Indo-China.

Hongkong rainfall for the 24 hours ending. at 10 am today, 0.00 inch Total sinos January 1st, 20.85 inches; against an average of 17,44 inches.

The forecast for the 24 hours ending at noon w-day is as follows:--

Hongkong to Gap Rook

Fermons Channal

INDO-CHINA

STEAM NĀVIGATION COMPANY, LIMITED.

KOBE

·BAILINGS 28UBJECT TO ALTERATION

"LAISANG 141-

HAIPHONG vi BOIHOW

7.

SHANGHAI...” -

BHANGHAI

MANILA

SINGAPORE PINANG VIL AMOY ... SANDAKAN me

Wed., 19th May, par "TAKSANG... Wed, 19th May, 6 PESANGTM

Thurs, 20th May, D'light "KWONGSANG "Fri, 21st May, D'light YUENSANG" Fri. 21st May, 3 p. FOSHING Moa, 24th May, 3 pm

HINSANG-Thurs., 27th May, Noon

JALOUTTA "LINE -This Line affords regular salilings, só"Calcast, tenang and.

Singapore; returning from Calcatta, steamers proceed via Strate and Hongkong to Japan, joɛssionally csiling at Shanghai, All stommers "bare excellent passenger Accommodation, are Etted with Electric Light and Fans and carry a fully-qualified Bargeon

SHANGHAI "LINE:-Ballinge approximatalý every five days between Canton ane Shanghal, sometimes calling at Swatow. Through tlakem can

MANILA!

HAIPHONG

BORNEO

be obtained and through Bills of Lading are larusd to mil dorthars and Yangitus Forts via Shanghai. LINK:—A 'wookly service is mainmined wian Manila, by venesis with good

1passenger accommodaMom, sailings from both ports every Friday LINE:Balings approximately weekly for pamengura and carga,

salling at Hobow when inducement offers

LINE:Оãe elling per month between Hongkong and Sandakan by

a steamer having up-to-date socommodation for parengers. Cargo taken on through Bill of Lading for Kuadat, Joeralioni Labuan, Tawao and Lahad Datu. TIENTSIM LINE:-1 167Kine service is can from March to November between

Hongkong and Tientsin, salingas Walhalwel and Obeton.

CALOUTTA

S.S.

LINE.

‘FOOSHING"

will be despatched on or about May 24th, for SINGAPORE, & PENANG via AMOY.

Through Bills of Lading issued to RANGOON, PORT SWETTENHAM, MADRAS and CALCUTTA,

For Freight or Passage apply to-

TILIPHONE NO. 16.

Jardine, Matheson & Co., Ltd.,

GLEN

GENERAL MANAGERS

AND

SHIRE

Joint Service of Steamers:

U.K.-STRAITS, CHINA & JAPAN SERVICE.

Vessel

CARMARTHENSHIRE"

"CARDIGANSHIRE”

GLENSANDA“ "GLENAPLE "GLENTARA

E.

FORECAST.

and

SE

Fease! GLENADE PROFESSOR

{ winds, moderate; Hair.

J'The sama (a

No L

South Cowah of Chins between, The_asme" se

Hongkong and Lamocki

Borth Coast of China between {'The

Hongkong and Hainan...

.HONGKONG METEOROLOGICATI

REGISTER

Hongkong Observatory, May 18th.

In the case of an investment company which does not, as part of its operation, carry on a business of dealing in invest ments, so that the profits or losses realised on the sale of its investments have never entered into the computation of its income tax liability, no claim to income tar arises in respect of the surplus derived from the realization of any or all of its investments —in the course of liquidation or other- wise and this is equally the case as re- Barometer gards any enhanced profits attaching to Temperature such realuations, which may be due to the Humidity state of the exchange.

Wind Direction ..Force i out. Weather Bain

The Chancellor also wishes me to thank you for your letter which he received ou the 17th inst., in which you suggest the taxation of such profits in certain cases.-—- Yours faithfully," Y

& F. HEXHIRG-47- Treasury Chambers. Whitehal. S.W.I.

March 29th,

NAVAL ECONOMY.

|FLAG› CHANGES ON THE CHINA

STATION.

OUTWARDS.

Dae Hongkong

22nd May..

12th June

25th Jana.

30th June

12th July.

Discharges

GENOL, LONDON & ANTWERP.

LONDON.

HOMEWARDS.

Leaves Hongkong

30th May

29th May

Movements are subject to change without notios.

For freight or farther particulars please apply to

Jardine, Matheson & Co., Ltd.,

(The Glen Line, Ltd: AGENTS: The Royal Mail Steam Packet Co

Owners of "Shire" Line,

Tel. No. 116, sub. ex 13.

Cable Address,

Kawakisen, Kobe Bentley's, A.B.Q. 5th H

Previous On Date On Date

·Day

BU

jat 2. p.m. "6 1.12.

29,83 29,91 78. 74 61 East 3.

0.04.

92 .Eart

2 p.m.

19.80 80. 8%

and Scott's Codes.

East

Highest open air Temperature on 17th...77 Lowestopen-air Temperature an. 18th... 74

Wook

KONGKONG TIDE TABLI,

From May 19th to 25th, 1830.

HIGH WATEK

F'kong

Days of

रा

Standard

Tima

H'kong Standard

-Time.

b. m. ft. in,, k. m.in. 19m 918 79m38 26

11138|| 438

Rear Admiral George H. Borrett, O.B., who recently arrived on the Chins Station 68 from Devonport in his flagship, the Cairo, to take command of the Fifth Light Cuiser Squadron, is to become rear Wed. adm ral and senior naval officer, Yangtse, in succession to Commodore A. A. Ellison, on May 6th," on which date the appoint ment of maraduira?" "commanding the day Fifth Light Cruiser Squadron will lapsegatur, 92

The change gives-Vice-Admiral Bir a.. Duff, Commander-in-Chief of the China Station" fying his flag in the Hawkins, the ncditional duty of commanding the Light Cruises Squadron, and consequently effects economy by the maintenance of two instead of three flag officers on the stat am apart from Hongkong

5 10 240 749 m. 3:44.

4.20 6-19

KAWASAKI KISEN

(KAWASAKI STEAMSHIP

CAPITAL PAID-UP-

Telephone's Banna

1844; 1913,

CO.)

KAISHA

120.000.000

President: Mr. Y. KAWALAKL Vice-President: Mr. K. MATHUKAZA, Managing Director: Mr. MaxayA AKL

The Company has on hand a Largo. Number

NEW CARGO STEAMERS

ALWAYS READY FOR

میں الجھے معلوم کیا تھی۔

GHARTERS

all descriptions.

The following are comprised in the Company's Fleet 1-

Kleven steamers of 9,100 tons each de.dweight.

And, under the Company's mans gerner

ddweight each,

Twenty steamers of about 9,100 tons deadweigh

mers of about 6,400 tons Belonging to the Enwaanki Dockyard Oo, Isl.)

alis pad all fother particulare opply

KAWASAKI KISEN KAISHA,

No. 8,