1923-03-17 — Page 9

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WATSONS

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ALL

agree that the

best is the cheapest.

Tations EVERYBODY | Halions

Ide Rouch Ma

Drenice

agrees that Watson's is

n. Whisky

preserving the finest traditions of

THE HONGKONG DAILY PRENS, SATURDAY, MARCH 17TH, 1929

&

W

I N

Y

NO Hold this

T

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جمعية سيادية

Hames Matronas

SCOTLAND'Susten

BEST

SOLE AGENTS.

Tel -838. ·

HUGO STINNES LINIEN

· Monthly Fruight and Panger Services between Japan, China, Hergkong, Manila and Straits and Hamburg and other North Continental Ports...

OUTWARD from Esmburg vis Ports of Cali

Steameri

Havekstain

Adok von Bayer

Hindenburg...

Albert Vogler

Tourage, dw):

12,950 tone-

9,000 tans 12,250

9,000 tons

Arrival

abeaf 19th March about end of April about and of May

HOMEWARD for Antwerp, Rotterdam and Hamburg

Tomigo,

Ludendorf.

· 13,250 tabs

Tai Legion:

Padőlf von Bayɛ

Hindenburg ...

"Albert--Wögler:

4,000 Lon 12,250 fora

9,000 f

12,954

י:

- 9,00% ins

Departure

about 21st March about 14th April about beginning of "Kay about beginning of Jans about beginning of July

Then steamers are fitted with all comfort for the convenience of about 50

first class Passengers.

REUTER, BROCKELMANN & CO.

AGENTS

26, Dea Yaux Boad Central.

Phone Central No. 478.

KONINKLYKE PAKETVAART

MAATSCHAPPY.

(Royal Packet NAVIGATION CO. OF BATAVIA}}

THE STRAMSHIF

“VAN||CLOON

will be despatched to

SINGAPORE & BELAWAN-DELI Dirert:

Ist Class! Fare to Bingapore ;--$10

TAXATION AND TRADE.“ DEPUTATION TO CHANCELLOR

An important deputation from the Asso- ciation of British Chamber of Commerce waited on the Chancellor of the Exchequer op February 7th, to present their viewa iu regard to

Bill. Sir Arthur Shirley

ALP

CHURCH

BERVICES,

St. John's Cathoxan, Hongkong—18th. March, 1923, 5th Sunday in Lout

Holy Communion (300 ant); Children's" Service (10); Hymne, 31, 3377 Matins (11 a m.); Hesponses, Ferial; Vita, naofarten (13); Pasima, £3 Hopkins: To

Troutbeck; Hymns, 192, 98; Preacher: The

coming Financaxation au thu forth- Deum, Woodward Smart. Turlo; Benedictos Lord Hishop of Victoria; Sabject The Mas

ND), Praim 27, verses 1, 3, 11, 12, 13, 24,

with

sage of Christ?

Ryman

MILES.

unison. 333, verse 4 in imiton. Hyson 06, Terats 1, 3, & i minison. Holy Communion (13 doon) Evensong - (6 p.) Roiponses, Ferial; Palma, 51 Felton: Magnifcal, Smart; Nang Diwitlis, Haraby Hymns 31, 107, 96 Preacher: Rev. M. hewell; Bubject: The Divine Law of Ex- dmoge

WE—Palm 31, Fortas 1,3 14,18 in tuison.

Hyman 31, varsen 1, 4. in unison, Hymn 107, verso 1, 4, 7 in unison, Hymn 98, verses 1, 8, 6 in unison

Etis

INDO CHINA

STEAM NAVIGATION_COMPANY, LIMITED.

SAILINGS SUBJECT TO ALTERATION. SHANGHAI via SWATOW

“LOKSANGV.İ Bunday, KOBE is YOKOHAMA

*FOOKSANG BANGKOK via SWATOW **TATSHING TSINGTAU via SWATOW

SHANGHAI

MAKSPAI via SWATOW.

TIENTSIN SANDAKAN

ANDHAI ris SWATOW HAIPHONG và HOLE OP MANILA...

KUBE

BANGKOK vis HOINOW...

STRAITS & CALCUTTA

STRAITS & CALCUTTA ...

day,

20th Mar, 10 m. 21st Mati, 10km. s1st Mar, Noom 21st Mar

Sand

8p. Mar, 10 &

$3rd Mar, 10 satire

Srd Mat

Monday,

18th Mar Nonn. 19th Mar Noon.

Tuesday,

20th Mar, 10 am.

INGSHING TURANG CHIPSHING

nesday,

HINNANG"

*HOPHANG

LEESANGTM

YUENSANG

LAISANG

CHUNSANG*

Saturday, Baturday,

24th Mar

14th Mar 10 sm.

KWATSANG

"FOORSANG

30th Mar Saturday 14th Apr. 3pm

pas

Fonsag

CALLUNYA LINK — 1hm Lize adirdə regular mailinge toll Calcutter,

Roach BHAIGHA) LINE

Benn introduced the dont of the association,

depntation........ Mr. Arthur Balfour, deputy president, presented the ease ons behalf of the to the association, and pointed out Chancellor that the rainciation represented 125 Chambers of Commeren, meintership of over 51,000, consisting of manufacturers, mercimats, bankers, ship owners and shipping interests, accountants members of the legul profession, professional men, and also traders of all kinds. Mr. Balfour dealt with the question of the burden of taxation, and on behalf of the association congratulated the Chancellor and his predecessors on having had the courage to apply absolutely sound principles to the financial policy of this

with the country, result that the pound sterling was dy UNION CHURON (Kennedy back to gold beats. At the same time he Sunday Barviom: March 19th pointed out to the Chancellor that taxation Morning Service at 11 o'clock. had now passed the elastic limit. The debaite Hymne: 377, 58; 787, 520, requests which the association made to the Evening Bervice at 9 o'clock. Chancellor he summarised as follows! First Fynimi: 274, 378, 588, 388, 389. that the corporation profits, tax should be Preacher at both Services-Rev. J. Kirk eliminated. It had been admitted, by two Maconsche previous Chancellors of the Exchequer to be Annual Collections for the London Mis- an unsatisfactory tax

and one which desit ionary Bociety. unfairly with one anction of the community. Friday 8.10 p.m.-Christian Endeavour.. It took full toll of profits and

Meeting and Sonial Hour. losses, and in many cases amounted to its in the pound on the total profits made it was Yery unfair to-Onlinary shareholders, and this connection the association would draw the attention of the Chancellor -10- the fact that the shareholding in some of the larger companies in this country only averages 1300 or £400 per shareholder. The second and

important request wa for Ho

some reduction: in- ixcome-tax, The necessity for

this was so well known that

all

it was not necessary to emphasise it any further Thirdly, the payment of super- tax on the gross and not on the net income WAS great hardship as it was taxation payable on money which the taxpayer „nover, received, and any alleviation. of super-tax which might be possible would be a wise step from the business point of vine, as it was froin the payers of super-tax as a whole that the fresh inflow of capital into business could be expected. The fourth point was the question of applying income-tax to co- the association

operative societies.,ecial attention of

desired to direct the

the Chancellor to the resolutions of the Royal Commission on the Income tax in connection with income-tax

1

[1589

MANILA

BAIPHONG

BORNEO

Singapore) pekarsing from Galente stamens proceed via Biraln

Horarong to Japan, osmionally sailing af Shaoghal, All Tama bar anuslant pamenger accommodation dited with Hertzlo Light uno -kor and carry a fully-qualifi

spray pay the days Detuber Cant and Shanghal, sometimes calling at be obtained and through maghal

Bm of Ladlog ned Seribers and You&tamentalsed with Landa by yatman, with you -LINE:----A weekly servion

Passenger accommodation, wailings from both port every Fridays LINE-Bality (approximately weekly toe aangerandoarge

Caulog at Helbow when indsogmană ofere

LINE Fortnight, de SINPANG" and na ""MAUBATIG" BÖSN steamers

alfines to and from Bandalan by two 5,000 –toxa

ex collon amonger demoda Mar, Carro taken through Bils of Lading for Audit Jemation, Labus, Tan and I had Esân -TIEFTAIN – LINK-A regular servion; in run from March to nevemper botwins -

A Hongking and Tenten, ealing að Welhaltired and Chiffon p LINH:-Amably kerist " provided Iniwana Hongkong azzi Bangkok,

"via" Bwntow." by Evo "übeaurorn filed with up-to-date paman sonorimodation.

FIEST CHURCH OF Chant SCIENTIAT MacDaniel Boud, Belonowa BANGKOK Tram Station-Sunday, 11.15 am. Wed

onday, 5.45 pan.

CEATHER REPORT.

1103

-31az. 16th at 12.05 —Pressure has increaseci considerably at Shanghai, moderately st Toochow and slightly from Formosa to Tenghing and over Luz

The antropolons Over Chian-bas-broken up and has been replaced by depressions over the Yangtze Valley and Tongting,

The monsoon will be interrupted along the

cosat of China and orër this China. Bes

*Hongkong rainfall for the 24 hours ending af 10 am, 18th Mar,, 0:00 inas,” Total since January 1st, 0.57 inches, against an average of 4.25 inches

The forecash for the 24 hours ending at noon, 17th Mar, is as follows:-

DISTRICT

FORECAUT S.E. or variable allowance Hongkong to Gap Rock winds, moderate; depreciation, and wasting assets, with of which they

they were in

overcast, ∙rainy foggy

rement In conclusion, bo

urged

the only hope of increased wealth to the country was profit from

our export

trade, and that Faroes Cheanol unless we could extend our export trade we could not hope to maintain, feed, and clothe our present population, The Baso- ciation felt that a substantial reduction in ination would be the greatest possible Fexrcouragement at the present moments

Martin pointed out the bad eumulative effect on trade dhe

Industry h direct taxation. On the rub- the very high direct ject of co-operative societies and laxation. |he expressed surprise that hithertò

the

måtter had been treated without the appreciation of its Ferion.mega Nearly the whole of the trading profits of these societies were exempted from the taxation which was imposed on the trade and industry. of the country, to the detriment of the revenne, to the disadvantage of the other tax

South coast of Chinabetween ("Thai - gummy, an

•*** Hongkong, andLamecks

Morihepato Chùa ba tiên The

Hobelcony and Bainan

HONGKONG WIDE TABLE.

Frode M 17th to 23rd. 1929.

*** HOE WATER.

Wook

Month

Kkorg

Standard

Time.

Height

Hang

Btandard

Time.

Height.

sore regarding the indifference of the 1 Parliament to this matter. Judging by the growth of the co-operative movement in the last ten years, the prospect of it still. greater development must be a matter of

Bat-17 m

18 mm 10 21

[65 ||m^4-91137

10 38

great concern to those who had to levy the Mon. 19 10 43 6 6 m 435 11 8 country's taxES.

The Chancellor of the Exchequer replied, Tues 2011

and promised to take the various re presentations into careful consideration.

THE WORLD'S TAXATION,

Some interesting figures from a report issued by the National Industrial Con ference Board relating to the increase in taxation in the United States ind other nations are quoted in The Index, the monthly organ of the New York Trust Company. From 103 to 1913, the report states, per capita taxation na

This vessel offers excellent cabin accommodation for saleen passenger tional, State, provincini, and local gov

Single and double ösbins. Wireless Telegraphy,

✅Får Freight-and-paisage apply to a

JAVA-CHINA-JAPAN LYM

Telephone Central No. 1574

Agents

W. S. BAILEY & CO., LTD.

SHIPBUILDERS, MARINE AND LAND ENGINEERS midara: of Vessels up to 1,500 Tons; Fast Steam Launches and Motor: Üralt of all kinds Toga, Barges, Oil Tankers, Idght-draft and River Steamare; Vessels. bult and shipped for re-proction abroad.

GAL-BIKED 200 BOAT “LOM”, BUILT BY WAR RAIZET & 00, KID'

ernment combined – increased from $18 to: 823 in the United States," from -321 to #27 in the United Kingdom, from #17 to $29 in France, from $10 to 819 in Italy, from 819 to $19 in Germany, and from $3 to $9 in Japan. With these figures are contrasted per capita tai tion at the end of the war, reduced to the pro-wariaternal", purchasing power basis, which was na fallows: United, States 632, United Kingdom-$49, Francel $9, Italy 88, Germany, $20, and Japan $4. In the year 1920-21 these figures had increased further to $41 In the United States, $40 in the United Kingdom, $16 in France, #8 in Italy, and #5 in Japan, the figure for Germany having fallen slightly to $18. It is estimated in the report that thecratia of total taxation in the United States has rison from 8.7 per cent in 1903 to 12.1 por cont, in 1919. and if per cent in 1921.

It pointed out that while Foders" axes in 1921 represented a reduction of 11.8 per cent from the total of 1019, the 1921 dollar bad, it is esti mated, a purchasing power of 28.9 per Dont, more than the dollar in 1919, and the Federal tax burden in 1821 was, therefore, actually 15 per cent higher than in 1919. In the six years precoding the war, it is estimated, total taxes and savings in the United States amounted to less than 2 per cont, of the national income In 1821 $12,500,000,000 was available for tates and fresh capital in vestments Of this 3,400,000,000 was aborbed by taxde, leaving $4,100,000,000 for capital reads, estimate $8,000,000,000 annually.

Boller Makers, Founders and Constructional Engineers and Repaliers pole, is to be offered for safo by bable Strawberry Hill, the home of Horace

auction next June

Wal. 21 m. 28.

Ther. 27 TE:51.

CALCUTTA

LINE

15.5. "KWAISANG" will be despatched on or about Friday, 30th March, at 3

for SINGAPORE, PENANG

& CALCUTTA.

Through Bills of Lading issued to RANGOON, MADRAS, PORT

SWETTENHAM and DUTCH EAST INDIES.

For Freight for Famage apply tönkuTM-

Jardine, Matheson & Co

Tweeticsx: Oantiaz No, '218.

GLEN

Venel

AND

Ltd.

GENERAL MANAGER.

SHIRE

JOINTI. KARTIOS of Brannen,

U.K.-STRAITS, CHINA & JAPAN SERVICE

OUTWARDS.

ENARIFFE EFOGLE "GLENAMOT'

Die Hongkong

26th Mar

9th Apr. 23rd April

BOMEWARDS.

Vaider Lowym Bong Tacharge

GLENSHANE' 10th Mar. Genom London, Antwerp Rotterdam& Hanbury, PEMBROKESHIRE " 10th April, Geros, London, Rotterdam & Hamburg,, GLENADE 20th April, London, HB, Rottenberry and Hamburg,

Movements are subject to change without notice. For freight or further partimler, zlease spply to

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

Telephone: Central No. 215 mb-ex, and Centrsi 2896"

The HONGKONG & WHAMPOA DOCK Co., Ltd.

TELEGRAPHIC ADDRESS: "MANIFESTO," HONGKONG.

CODES USED AL, ABC. Fifth Edition Engineering: First and Second Edition:

Western Union and Watkins,

Dock Owners, Ship Builders, Marine and Land Engineers, Boiler Makers,

Iron and Brass Founders, Forge Masters, Electricians.

Steel Twin Ocean-going Tug and Salvage Steamer

"Henry

Keswick

Built, engined and equipped completo by The Hongkong & Whampoa Dock Co., Ltd., Hongkong for their town service, 1921 Length 165. E.P., Breadth 34 (m) Depth 17 (m) LE.P. 2000 Fitted with electrice submersible and centrifugal pumps, air compressor, wireless, searchlight and all modern appliances for Balvage Work Please address enquiries to the Chief Manager:

R. M. DYER, BSc, MINA, KOWLOON DOOR, HONGKONG,