1921-04-01 — Page 7

THE HONGKONG DAILY PRESS, FRIDAY, APRIL 15T, 1921.

DODWELL & COMPANY, LD.

„STMANSHIP. SERVICES

· Regalar Ballinge - 1

NEW YORK &/OR BOSTON

vis Ses or Panama Canalë at Owners' Option.

8.8. "EGREMONT CASTLE"-"sailing on or about 8th Apri

LLOYD TRIESTINO

For BRINDISL VENICE &

TRIESTE

Taking Cargo on through Bills of Lading for LEVANT, BLACK SEA & DANURE

PORTE.

FIUME having been re-opened for traffic, cargo is also accepted for this port on through B/Lading

8.8. "TRIESTE "*' 8.8.*PERSIATM"

sailing on or about April 18th. saling on or about May 19th.

́ ́ For SHANGHAI & JAPAN.

8.8. "PERSIA” .....

sailing on or about 15th April,

Palsgare Luggage can be insured at the Omge of the Agents.

NANYO YUSEN KAISHA, Ltd.

(BOUTH SEA MAIL 8.8. - 00.)

P

Regalar Bervices between

JAPAN, HONGKONG & JAVA.

ELS." CHERIBON MARU”

Fox JAVA,

sailing or or about 9th April.

OCEAN TRANSPORT

Ltd.

FOR JAPAN

8.8. MACASSAR MAKU”

THE

sailing on or about 6th April.

Oo.,

(TAIYO KATUN KAISHA Steamship Berrioo. Irana-Pacific.

Also to Australia, Barope, etc.

NATAL LINE OF STEAMERS.

TAKING Cargo or through Bill of Lading for SOUTH AFRICAN PORTS with transhipmen at CALCUTTA,

In conjunction with the

INDO CHINA- STEAM NAVIGATION 00, LTD AND APOAR' LINES,

For Freight da Pazzago on any of the above Lines apply to:---

DODWELL & 00, LTD.

Agen

N. Y. K.

NIPPON YUSEN KAISHA

MAILINGS FROM`KOSULONG SURTEES 10 ALTERATION.

NO REDUCTION OF INCOME-

TAX.

CHANCELLOR'S STATEMENT.

No prospect of a reduction of income- bax was held out by the Chancellor of the Exchequer to a députation represent ing British industrial interests, whick waited upon him at the Treasury on February 16th." Led by Sir Peter Hylauds, the deputation urged the desir ability of some alleviation of taxation, in view of the serious position of træle at the present moment.

Mr. Austen Chamberlain met "the de putation's criticism of the three years' Average-assessment for income-tax with the information that he hoped to provide for assessment on the preceding year in a bill. to be brought forward early in the present session. It was hardly likely, however, he stated," that this measure could come into operation until the fin ancial year following.. Ha pointed out that manufacturers had had, the benefit of the average system during a period of rising profits to the extent, according to Treasury figures, of no less than 4830,000,000 in taxation. He had felt it to the national advantage to get rid of Exocas Profita Duty, but that was so far Excess an he could possibly go this year. profits had undoubtedly been" made, and there could be no question as to the pay ment of the accrued arrears of duty."

INDUSTRY FIGHTING FOR LIFE.' Sir Peter Rylands, who placed the views of the deputation before Mr. Cham- berlain, impressed on the Chancellor the deputation's view that in pressing for a reduction of taxation they were acting in the national interest. Those respon kible for the, conduct. of industry wera most anxious as to the present situation, which was bad, and appeared to grow worse daily. Ons serious factor was the very severe competition which industry in Great Britain had to face from the Continent. It had been authoritatively stated that the wage increases in Ger- many, where they had been highest, had only brought wages up approximately to the pre-war standard. In Belgium, the position of affairs was almost similar. As a result, Continental prices absolutely defied competition from British manufac turers in all markets. In the iron" and steel industry this competition was felt very acutely. Sir Peter mentioned that in many businesses in Great Britain only o quarter or one-third of the normal output could be securred, despite the most strenuous efforts. Dealing with the ques tion of exchanges and the difficulty of obtaining remittances from abroad, Sir Peter declared that merchants were break-. ing contracts with manufacturers because the machinery of exchange. had broken down. With regard to coal," the in- dustry was in a serious condition. Control would shortly be removed, and the Federation of British Industrica Understood that the pool from which pita derived profits would be exhausted in March. In certain districts collieries would be losing 108. or 125. per ton, and if there were no fand from which losses could be met there could be no altorna.

BEATTLE & VICTORIA or VANCOUVER vis Manila, Shanghative to the stopping of certain pits which

& Japan ports

Cargo to Overland Points U.S. in connection with Great Northern Northern Profile and Chicago, iliwaskoo & 8i, Paul Hallways.

Wednesday, 30th Apr. at 11 am KASHIMA MARU (omitting Manila).

Friday, Tuesday, Friday,

SUWA MARU....

FUSHIMI MARU (omitting Manila) KATORI MARU

6th May, at 11. 31st May, 11 am, 17th June, at 21 mx

LONDON & ANTWERP vis Bingapore, Penang, Colombo, Buet

Port Said and Marseilles.

BADO MARU

KITANO MARU .....

INABA MARU

KAMO MARU

Monday, Friday, Friday

4th Apr,, at 11 KE, 15th Apr, at 11 am. 29th Apr., at 11 am 12th May, an 11 A BOTTERDAM

HAMBURG, AMSTERDAM, LONDON &

IVERPOOL & MARSEILLES Tia Sues.

DAIRY FARM NEWS.

CHEESE.

GRUYERE

81.40 per Ib..

- AUSTRALIA STILTON $1.00

FRENCH

THE DAIRY FARM, 10E & COLD

RÅGE CO, LTD.

63

INDO CHINA

STEAM NAVIGATION COMPANY LIMITED

MANILA

SAILINGS "SUBJECT TO ALTERATION

BANGKOK via SWATOW STRAITS & CALCUTTA HAIPHONG và ROIROW.

"LOONGSANG" Fri,'' 1st Apr. 3 pm TEOPAOS 3rd Apr, D'light. * CHAKBANG”...„Tas, seb Apr. 3 p.m. "LOKSANG Wed 6th Apr. 9m SHANGHAI & TRISOTAU VIA SWATOW WINGSANGT, 7th Apr, D'ugni KOBE via SHANGHAI

*** FJQESANG* „ Mon,,"" 11th Apr., Noon.

CALOUTTA

➡ SHANGHAI

INDO-CHINA STEAM NAVIGATION

COMPANY, LIMITED. NOTICE TO CONSIGNÉES, FoM CALCUTTA, PENANG AND

SINGAPORE,

THE Steamship

* KWAIBANG" having arrived from the above ports, Consignees of cargo by her are hereby informed that all goods are being landed at their risk into the hazardous and/or extra hazardous. Godowns of the Hongkong and Kowloon Wharf and Godown Company, Lamited, whence, and/or from the wharves, delivery may be obtained.

Bloods not cleared by the 3rd April," will be subject to rent.

All broken, chafed and damaged package are to be left in the Godowns where they will be examined. Claims against the steamer must be presented within 10 days of arrival, otherwise they will not be recognized

No Fire Insurance will be effected by un'in any case whatever.

叫

Bills of Lading will be countersigned by "JARDINE, MATHESON & Co., LTD. -

General Managers. Hongkong, March 28th, 1921.

VETARZO

[702

"PILLS FOR TRR.

DRALE CLERGERIVERA KIDNEYS

UNCLAIMED TELEGRAMS.""" The following unclaimed telegrams are ring in the Great Northern Telegraph Company's office at Hongkong

BY ADDRESSES. FROM Ivate Passenger Samaran

Toklo Maru Eitaro Baika c/o Imatuma

Co......

„Tokasbima Ah Young & Co., Victoria St. Shanghai Kitaro Toyotaburo

Taingiau 8. F. Zih, Hongkong Hotel... Shanghai Saunders Kremlin

were not paying. This would mean the unemployment, with no immediate pros- pect of return, of perhaps 100,000 miners, or a drastic cutting of wages during the next six weeks or two months, which would create a very difficult situation. Limited sources of supply would also militate against a drop in price.

Bir Peter Rylands pointed out further that the greater portion of the excess profits duty imposed last year had to Mark Hoken be spread over the forthcoming financial Kaidak

year and the following... He. mentioned Eng Hope Wo

Bhanghai Miyanoabitu Amoy Amoy

2nd

Apoy

Shanghai

Shanghai

Bhangbet

Shangbai

Shangh i

Hing, that the relief of the removal of the tax Watwo,

Streat, Wanchal would not be felt in the forthcoming year, and declared that more immediate Kuong May Tai relief was required. In bormal times Pow Hing Chong (2) they would have thoroughly approved Fat Keo (2) the policy of vigorous liquidation of debt, Wing Chung Wing but in their present dificulty they were Ho Out Kwan, Kwong inclined to suggest that that policy Loy Hotel should be left over until such a period

NCAA as the nation could afford it. While he The following is a list of unclaimed did not wish to use alarmist language, telegrams lying in the Eastern Extension, Australasis and Chins Telegraph Company's One way industry was fighting for its office at Hongkong:→ life. Referring to the position of the

FROM ADDRESSES

Haiphong railways, Bir Peter said it was perfectly Bostock, Hongkong Hotel clear that when control came to be re Deen, Care American Consul New York moved on August 31st the transport rates; William Donald, care Bradley Glasgow which manufacturers considered were Vincente Espina already enormous, would be found hopo Geoffrey...

MELBOURNE & SYDNEY ris Manila, Zamboanga, Thursday the present position could be put in only

Island, Townsville & Briibane

NIKKO MARU

AKI MARU

TANGO MARU

NEW YORK vis Suez.

Tronday, 19th Apr., at 11 dim. Taseday, 17th May, at 11 asm." Tuesday, ́alst June, at 31.422.

SOUTH AMERICAN PORTS via CAPE:

KAWACHI MARU (sailing from Singapore) Wednesday, 11th May, BOMBAY & COLOMBO vis' Singapore

WAKASA MABU

OALOUTTA & PANGOON

TOTTORI MARU

RANGOON HABU

JAPAN PORTS-Nagasaki, Kobo

AKI MARU ...

Friday,

2nd April.

Bingapore & Penang.

Wednesday, 6th April.. 17th April. Bunday,

Tokohama,

Tuesday,

SHANGHAI, KOBE & YOKOHAMA.

KAMO MARUŠI.

· KAMAKURA KARU-

DAKAR MAHU..

TYO MARU N

ATSUTA MARU...

Isha Apr., at 11 am

Friday,"

1st Apr. at 10 am. Tuesday, 11th April, Wednesday, 13th April. Friday, 15th Apr. at 11 stó Thursday, ||23th Apr, as 4*p

For further information spply to NIPPON YUSEN KAISHA

Telephone No 19% ♬ 593,

6. YASUDA," Manager.

lessly insufficient. Either the railways Grayco would bare to run at a loss, or the ratesilenzi (2)

would rise higher, and further, strangle

the trade of the country.

AT THE CHANCELLOR'S REPLY:

Lucenatazon Paris Albanyny Bombay

The Chancellor of the Exchequer, in had the advantage of the three years his reply to the deputation, said the Gov-average during a period of steadily rising crament was striving to the best of its profits, and Treasury figures showed that of ability to see the the present the country safely through in the seven years 1814-1921. a sum

position. Not one 2830,000,000 more would have had to be of the five factors referred to by Sir Peter paid had the three years' average not Rylands the exchange position, Co been in operation, Nothing would please tinental competition, coal, the railways, bim better than to make a general remie and the Continental financial policy of sion of income-tax if it were possible. inflation was under the absolute control After his Birmingham announcement that of the Government. In listening to St excess profits duty was to go, he had. Peter it had struck him what a small been approached from many quartera part taration actually played amongst asking why relief should-be given only the many factors at work. With regard to the rich industrialists. He believed to the difficulty of remittances, in the the best that could be done for the no- case of Australin it was due to the in- tional advantage was to get rid of excess terual financial policy of the Australian profts duty, and that was as far as he Government; in foreign markets, such as could go this year. It must be remem China and India, to the impossibility of bered that allowing for the present merchants disposing of goods if ordered value of money, the total service on and in Continental markets to the break public debt of £225,000,000 and war down in certain instances of the pensions £125,000,000—8 budget of case that required internal correction. pre-war standard were maintained. He The use of printing presses to meet daily was not in favour of debt redemption at requirements by many Continental coun all costs, but a certain amount was in- tries was unsound, and was only possible evitable, and last year it was necessary because those countries were practically to make a big effort when things were self-supporting That matter was not going well, in order to lighten the burden within the control of the Government when they were not ab, good. If the With regard to railways and coal, he required £950,000,000 were borne in mind asked critice of the Government's actions they would recognise the impossibility of to consider what would have been the reducing income-tax result had their actions heen different. He also reminded the deputation that He quite appreciated that the federation in the course of the financial year after never intended to suggest alleviation of next he would have to make provision to arrears of excess, profits duty, take pay interest on the American debt, which With regard to the criticians of the had not borne interest since May, 1910, three years average assessment for iu- In view of the heavy reclamations in come-tax, he hoped to bring forward a prospect he thought the federation's Revenue Bill early in the present session figure of £300,000,000 accrued arrears of providing for assesment on the preceding excess profita duty an overestimate." year. That, bill could, however, scarcely There was no doubt as to excess profits (FAR EAST) LIMITED, be brought into operation until the Buan having been made, and therefore there BL George's Building

cial year following Manfacturers had could bono question as to duty having

(Continued at foot of neat column.) to be paid

PRINCE LINE FAR EAST SERVICE machinery of exchange In nearly every £180,000,000 had to be faced if only, the

Regular Ballings to Boston and/or New York - by faa. freight steamers

8.8.

For

BOSTON and

NEW YORK

"MONGOLIAN- PRINCE”

For Breight and full particulam apply tom

Telephone 8166.

Telograma"Famprinas,

FURNESS,

April," (vía Bust),

MANILA

HAIPHỌNG

BORNEO

TÜRTSIS

LINE:-This-Line affords regatar målings to Calcatta, Penang and

Singapore: returning from Calcott steamers proceed via Strata And Hongkong to Japan, cocadmally calling at Shangbal All steamers" hare, excellant passenger accommodation, are fitted with Eientzle Light and Fans and carry a fully-uzálifed Surgeon LINE:-Ballings approximately every Ave days between Canico and Shanghal, sometimes calling as Swatow. Through tickets can be obtained and through Bill of Lading are ferued to al Northern and Yangtze Porta Tis Shanghai.. LINE-A weekly service la maintained with Manila by vessels with good -

passenger accommodation, wellings from both parts every Friday, LÀNH:—Ballings", "approximately weakly for passengers and cargo.

calling at Hofhow when Induosmani offers, LINE:-One walling per month between Hongling and Sandakan by

★ ateamer having up-to-dain accommodation for passengers pe Cargo taken on through Bills of Lading for Kuaday. Jesselton Labuan, Tawad and Land Daku

LINE:-A regulse" sərvice it run from March to November betwee

Hongkong and Tientsin, calling sa Welthalweland Chefoo

CALCUTTA

S.M

LINE.

ייי,

CHAKSANG" will be despatched on or about Tuesday, Apr., 5th, 3 p.m., for SINGAPORE, PENANG and CALCUTTA

Through Bills of Lading issued to RANGOON, MADRAS, and

·DUTCH EAST INDIES.

For Freight or Passage apply

TELEFHans No. 216..

Jardine, Matheson & Co., Ltd,

GLEN

GENTKHAL. MANAGERS

AND

SHIRE

Joint Service of Steamers. U.K.-STRAITS CHINA

Versal

8.8. "GLENIFFER 8,8. "GLENGYLE

"Venel"

BB. "CARNARVONSHIRE"

OUTWARDS.

JAPAN SERVICE.

HOMEWARDS. Leaves Hongkong

24th Apr.

Due Hongkong

14th Aprü,

Dirobargm

Guros, London, & Borri

Movemente are subjeci do change wfikasi motion. For fraight or farkhar particulars plexes apply to:-

Jardine, Matheson & Co., Ltd.. The Glen Line, Ltd.,

Tel No. 21 ab. 5 ex 23. and 2696,

Cable Address

Kawaiisen, Kobe.. Bentley's A.B.O. 5th EL

and Booth's Codes.

KAWASAKI

KISEN

(KAWASAKI STEAMSHIP CO.)

CAPITAL PAID-UP

AGENTS.

Barcanly

KAISHA

1,000,000

Preddents Mr. Y. KATARAKL

Vice-Presidents ME E MAZUKAZA, Managing Director 2: Mr. Mazata. "AXE.

The Company has on hand a Large Number of

NEW CARGO STEAMERS

ALWAYS READY FOR

CHARTERS of all descriptioms.

The following are comprised in the Company's Fleck come

Eleven steamers of 9,100 tons osch deadwaighi

And ander the Compɛxy's massgemani

Twenty steamers of about 8,100 tons deadweight eso) Two steamers of about 8,400 tons deadweight- sSoh

(Belonging to the Karawald Dookyard Co. Läd.)

Wow Cherier Rates and nii other particulars apply to the

KAWASAKI KISEN KAISHA

No. 6, Bun, Kon