1923-06-01 — Page 4

THORNYCROFT

AND CO., LTD.

SHIPBUILDERS AND

ENGINEERS

London, Southampton and„Baslugstoke

TAE HONGKONG DAILY PRESS,

1.

PASSENGER AND CARGO VESSELS OF ALL TYPES UP TO 6,000 TONS OCEAN-GOING TUGS, MOTOR BOATS (BEA OR RIVER) UP TO 50 KNOTS.

TURBINES AND RECIPROCATING MACHINERY AND PROPELLERS MARINE AND STATIONARY OIL ENGINES 8 TO 90 B.H.P.

MOTOR VEHICLES 2 TO 6 TONS.

The

"Prince"

WATER-TUBE BOILERS,

JJ

FOR QUOTATION, APPLY-

ROBERT DOLLAR BUILDING, SHANGHAI.

51

Sun

Specially made for is with patent waterproof finish. Extra light In weight. Covered white drill or cream felt with white puggares.

The smartest and most comfortable Sun Hat.

Hats

QUILTED PIGSTICKER" SHAPE IN WHITE AND FAWN

MACKINTOSH

& CO., LTD.

MEN'S WEAR SPECIALISTS.

Alexandra Building.

Des Vœux Road.

THE SEASONS SMARTEST

SILK JUMPERS

DESIGNS TO SUIT ALL TASTES. PRICES FROM $12.50 to $21.00 EACH.

JUST OPENED UP.

FINE SILK HOSE

FROM $2.00 TO $3.25 PE PAIR

THE SINCERE CO., LTD!

NEW CRETONNES

Now being Displayed

AT

WHITEAWAY, LAIDLAW & CO., LTD.

We have just received direct from actual manufacturer magnificent range of new designa in Cretonnes and shadow tissues. This is without a doubt

The Finest Display of These Goods

Ever Seen in

Hongkong.

Prices Extremely Moderate,

We Cordially Invite Inspection.

Loose Cover Making A Speciality.

SHOWROOM FIRST FLOOR.

ELECTRIC LIFT.

WHITEAWAY, LAIDLAW & CO., LTD.

20, Des Voeux Road Contral.

Next Jardine's Corner.'

THE COLONY'S FINANCES, COLONIAL TREASURER'S REPORT

FOR 1924.-

FRIDAY, JUNE 18, 1933

GARDEN.

COMPANY MEETING.

THE "STAR" FERRY COMPÂNTI LTU

HONGKONGS IMPORTS AND FANLING EXPERIMENTAL

EXPORTS. The following items are taken from the Report of the Superintendent of Imports, KOWLOON'S CALL FÖR AN IMPRİVEŇ -

year 1977; --- · and Exports, (Mr. J., 1). Lloyd) for the

Mr. H. Green, Superintendent of the The annual Report of the Coloniall Botanical and Forestry Department, in the Treasurer (Mr. C. Mel. Messrs, O.BE) his annual report for the year 1929. was laid on the table of the Legislative makes the following reference to

reads as follows: expermental garden at Fauling - Council yesterday,

EKVENCE.

for 131.

SERVICE

The twenty-fifth

ordinary

generat

FUQUORS KONSOLIDATION ORPINANCE. The net rovente collected under the meeting of the Star Ferry Company A further portion of this garden, which.

Liquors Ordinage from Duties ab was hail at the offices of Men. Jardine

and Co., Ltd. | yesturday, Stands on the sils of old padi Ind," was: Licensed Warchistes thuring 1928 was Matheson

10. There were also present, Mr. A. levelled, terical and the required new s1,186,750,01 as compared with 4,000.67.93 morning, Mr. D. 6. M. Ber! presle channels and paths made,

The general details are as follows:

0. Lang (Director). Mr. W. 8. Brown Secretary) and the following share- "bolders:-Messrs. J. T. Ingram. U. S. 331,180,55 Greenhill, E. Sadick, 3. Hooper am? J.

Hyde, 701,509,46

The total revenue for the year amount. el to 822.201,063 being $5,014,205 more) than the estimate and 84,502.9 more

as plants of Hill Mongosteen than the revenue in 1921. Compared with that year there were increases under all convivia altooiifolia were collected from the hands except lent of Government Wong Nei Cheng and planted in the garden. These trees in their natural! Property.

(a) Assessed Taxes

( Hawkers Licences

(e) Liquor Duties.....

(d) Opium Monopoly ...........

(e) Stamps

(f) Tobacco Butirs

(g) Water Exces Supply and

Meter Kents

(h) Postage

(i) Railway

(1) Taterest

(k) Land Sales

*

2,051,:03

8,326

..........." 1,0678

129 1

1921.

Duties in Euro-

pean liquors 435,474.00 Duties on Chinese

liquors 7,868. 13 Licensesi Watre-

7,154.17 house fees... Licensed 1324- boys over time tees ...

Total 1,196,759.01 $1,040,087,6-4

202.00

.140.00

1021,

the

The Chairman said:-Gentlemen,-Th -The principal sat-heads showing state bean heavy crop of small fruits

which find a ready salty among excess over the estimate are as follows:

6,730,) report and state of Tecounts have- 579" natives: it is possible that the fruit my

days, and I bee in your hands for s 99,361 increase in size and quality if grow

will with your permissing, follow the 127,399 under good conditions for a few years.

usual custom and take them as rond. Onion seed, obtained direct from Tene 103.675

The earnings for the past year show a 360,177 riffe, was sewa and produced a heavy

atisfactory increase in the previous year, crop of onions of good quality; this prop

nud the balame available for appropria TOBACCO PRIINANCES,

which includes $3,634 is alwaye watched and discussed with

is $193,420.20),

from last $1.2 great interest by the natives of adjoining. The net revenue ellected under the- tion

234,619.41 brought forward

Your Directors peroumend he compared with 21,002.11 for 139.20 villages, but ap to the present noboly Tolero Ordinate was $1.171.677.50 as

results to deal with very prevalent payment of a dividend of $2.00 per share The increases are due (a) to new build has undertaken the growing of onions Special measures were taken with good year.

on anything but a very small see.

and a bones of $2.00 per share, aber og $160.000.00, ings, (b) revision of licence fees. (e) in

$33,630.90 tu be . leaving A crops of Tubacen was grown and after shaggling of cigarettes.

The general details are as follows- erease of duty. (d) increased sale, (e)

removed to the

1929

carried forward to this year's recoint, probate duty, (f) increase of duty, (2) being harvested was

And I trust this will meet with your Scale of fees, increased, (h) increase it. business. ( more traffic during the sea Botanic Gardens for te as an insecticide. 1,000 young plants of the improved men's strike, (k) more "lands being dis lol of

variety of Pappe known as "Smooth were proured from Honolulu Cayenne with

and planted in a temporary bed; the ald 8,5-12

plants of this variety 'continue to produce 27,326 large fruit of excellent avour and

quality generally,

-The principal deficits compared the Estimates were:-

(a) Analyses

b) Medical Examination of

Emigrants

EXPENDITURE,

4.-Th total expenditure brought to accoust amounted to $19,51.003 bring $1,185,97 less than the estimate, and $9,529251 more than the expenditure in 1921,

Compared with the estimates there were savings under fourteen heads.

Miscellaneous expenditury exceeded the estimate by $1.039,889 mainly due to:-

University

Transport of Government

UOVOYLÖSS”

*

Duties on To

bateo Licensed

house for... 1,902.50 Licensed ware.

Wilro

$3,110 7,50-1.00

730,00

84.00

house over." time fees... Retailers licences Manufacturers'

Hammers

1041.

191,304,00 1,051,88.39' approval,

A letter was received prently from Ch 1,919,75 Kowloon Resident's Association, drawing. nitention to the congestion during the Your Directors are doing 72.00 Busy hoirs,

cater fur the 7,596.00 everything possible to

requirements of the public with their present-launches, but they have recognized 13200 for some time the the growth of the community in Kowho calls for an Total $1,47-4.677.50 $1,002,001.14; improved service, and in order to meet

Importers'

TEIKTS

OPIUM MONOPOLY.

744.00

the preek day words, they had plane prepared for larger boats, capable of transporting motor cars at the same time The Government have also been con- a passengers.

With a view to encourazing the grow gf vegetalles in the New Territories. a plot of land mijoining the schand nt Tai Wai was partly laid out ail planted with onion środ by the scholars assisted by employés of this Department. this is

The revenue for 1992 was $5,551,006.35 the first attempt at forination of school gardens and a 'fair amount of interest as compared with 8,98,107.00 in Hell The price of prepared opiam remained appeared to be taken in the experiment archanged during the year. The increase in revenue is a very fair inrasure of the 119,801.07 by the schoolmaster and his scholars.

the terminus of the present The Custard Apples (Anona rebjeulata); wnout of illicit opium consume in the sidering a service of a similar matare to 197,105:10 produced a good crop of fruit of good Colony in 1920 to 1921 and is no doubt run between Jordan Road and a point

Largely due to the stringent steps taken: near′′ 5BRD4.37|Pize and quality,

to suppress illicit opium divans. where Yauma. Ferries. 55,371.08

The Banguns suffered somewhat from the greater part of the smuggled opium' 393,515.28

the drought and had to be watered!

is consunied. 8935.581.08 teavily daily throughout the driest menths. of the year, also during these months ni Military expenditur exceeded the proportion of the fair crop of fruit was: The total trade (excluding Treasure);

pared with £15,24.938 for 1991. extinunte by $355.26 dar to increase in split and scorched by the heat of the for 102 amounted to £122,191,927 as com

Servants

Visit of H.R.H. Prince of

Wales

Expenses of Strike

Food Control Expenses Loss on Subsidiary coins

revenue.

TRADE STATÍSTICH.

There are many difficulties to be con tended with in carrying out the proposal that your Dired.ers have had in mind, and now that it seems probable that thero of future, it is thought better to wait to see the outcome of that before carrying will be andher ferry service in the near

fore. having the present launches. own service, Your Directors are, there

The cost of re-conditioning the launches. thoroughly overhanted, so that they will he fit for service for some years.

to considerable sum. to amount

Its been created, and to this Fund. $75,000.00 has been credited from 1999, pale for this, a Special Repairs Frink. profits. In view of the heavy expenditure.

A nunther of consignments of fruits this mount Imports were valued at The Education Department decreased $116-202 on account of unpaid Building, from the Banian" (Firda jetuan) con- £61,218,389 (as again! £68,143,059 for out nuy extensive development of our Grant and other savings while Public taining Fig Wasps were supplied to 1921) and Exports at £00,978,301 (ns Works Extraordinary saved $3,033,600 be the Entomologist, Forestry Department, against £67,604,877 for 182). cause the programme of works placed in Honolulu. These insects are liberated: Treasure imported during 1922 amount among the wild trees of Ficus there, with ed. £9,717,618 (including £1.51.74 of the Estimates was not carried out.

3.-The revenue for the year exceeded the object of securing the fertilization Gold and 28.02.75% of Silver). Treasure

of the flowers and consequent natural exported during 1922 amounted the expenditure by a sum of 1,724,05%,

Land £10360.395 of Silver). 6. The following statement shows the worth of young trees in the reservoir 214,164,506 (inchiding .974.775 of Gold Complete figures will be found in the Liabilities and Assets on the aist Deem vatrament areas, ber, 1922:-

Annual Trade Return for 1922, from OF which the following items may be of

Ziabilities.

Deposits net available...... Postal agencies Shipping Control account. Suspense acronat

Total liabilities Balanoe

Tutal.

Arsets.

Subsidiary coins

Advances

Building loans

Imprest

House service account

Crown Agents' deposit ae.

count

Unallocated

(P.W.D.)

Unallocated.

(Railway)

Coal account.

957,007.15.

35.0.12 2,931,204.11 1.191.00

THE RATEABLE VALUE

HONGKONG..

The Hon Mr. Mel. Messer, Treasurer 3,295131.68 and Assessor, in his report on the assesse 1,659.612.41 ment for the year 1923-1994 says:-

By Order of His Excellency the Gover- $13.880,774.00 ur-in-Coumil new valuation of tha! whole Colony has been made and the rateable value has thereby been increased; 1,650 from $19.803,920 to $21,039.700 an addition

252.042.40 of 81,253,515 or 6.33 per cent. 966,700.00

The number of tenements reported to 397.5, he vacant averaged about 75 monthly, 7,715.91 g = 'compared with 95 last year.

The following comparative statement 5,60,423.89 shows the rateable value of the Colony nf Hongkong in each of the ten years 432.762.16 from 1914-1915 to 1924-1924 inclusive :- Perentage of fueras or Drer se in linteable Value Ascored with previous year- 15. Increase. 0.83 Decrease.

stores

stores

*Investment account.

Balance at Banks..... Crown Agents' current ac

214.500.02 $3.087.20 5.32,496.18 €03,979,16

Year.

Rateable Value:

count

22,833.DO

1915-16

Total

.$15,951,774.00

1016-17

1917-19

2018-10

-Invested as follows:-

1994-15...14.410,103

..14,247,985 ..14,282.180 .....14.410.155

.15,635,786 16,501-01 .....17,109,959 1920-21 Hongkong 6 per cent. War Loan, 1021-1-201

28. value of stock. $120.000; actual

1021-22 10:2

cost, $120,000; market -8120,000..

value.

4 per cent, fuading loan. 1000-1900,

value of stock,£835,000 4, 01:

interest :-

Importa

·Good Chinese Medicines not se

cinlly mentioned) Cigarettes

C'ent

Value.

£1,200,534)

048,206 1,825,700

Cotton, dyed plain not sp

cially mentioned)

}

Fish and fishery

products

(other)

Four (what)

Fuel oil

Ginseng

Kerosene Leather, solu

Manur, chemical and ninera! Matches Peanuts

Peanut oil

Bice in husk (Padi) Rice meal (rice bran) Rice, broken

Rice cargo. .........

Te

the but, which will considerably on- hance their value, it has not beet. thought necessary to write down the value of them any further at the present lirue.

uf donation 1 During the year. $1,000.00 was made to the War Memorial Fund. and I trust this will sex with your approval.

I do not think there is anything furthar- 312.261

in regard to the accounts that calls for' 945 572 crament, and I therefore beg to proposa 1.758.846hat the report and accounts as presented

When this has. 34 adopted and passed. 680,067 en seconded, I shall be pleased' tu 2484,000 swer to the best of my ability, any 579,950 questions that shareholders may desire to 322,700 ask.

378.235 Mr. A. O, Lang seconded the adoption 371.8C8 of the report and accounts and this was 470,089 carried unanimously.

1.032.385

Un the muntion of Mr. L. S. GREENHILL. 2,881 seconded by Mr. E. SADICK, Mr. D. G. 2.667.371 M. Bernardi was re-elected to the Board 1,280,024 of Directors,

6,768,1-16

Mr. C. Bernard Brown. A.C.A.. was 1,761,30 re-elected Auditor for the ensuing year 5,307,058 on the motion of Mr. J. Hoopen, second-

C63,072 by Mr. H. HYDE.

nice, white......

Silk piece goods

0.03

do.

Sugar, raw

0.89 Increase.

Sugar, relined

8.69

હા.

Tin labs and ingots

1,324,978

4.95

do.

Tobacco, raw

380,187

6.77

do.

Vermicelli

18,696,600 ..10,603.929

7.40 4.

Yarn, cotton

550.903 3,612,732

5.91 do.

Exporta.

1923-2121,059,700

6.3 - do.

Goods.

Value.

Cenient

:2 287,607

Chinese Medicines (not spe-

cially mentioned)

1,140,100

Cigarettes pen

Coal

1,316.785 443.781

In the ten years 1914-1918 to 1929-1921

actual cost, £662,001 115 d. th rateable value of the Colony has in-

BR. market value, £7.75

Ecreased by 26,849.587, ur 40.58 per cent.

< (861) 7-The following table shows the Re venue and Expenditure during the last" three years 1----

1920

1921.

192 $

10.Subsidiary coins in stock on the 31st December were as follows:-..

20 cent's

Copper

Revenue - 14,689,672 17,728.132 22,291,063 10 Expendi

ture...14,480,501 15,720,052 18.563.003 Surplus 200,079 1,988,450 3,729.002 [The Report gives the total for five years, hat, owing to exigencies of space we give but three-Eb. 1

TEHLIC DEIT,

The inscribed Stock Loans of 183 and 1905 amount to £1,485,733 and the Sinking Fund pow stands at £99,591 being 2.188 more than the amount at credit of that fund at the end of 1921.

The local Loan (under Ordinance No. 12 of 1910) stands at $3,000,000 with a Sinking Fund of $900,000 and £1,637 sterling.

GENERAL REMARKO.

-The tutal receipts and payments in the Treasury book during the year were 251,480, 170 and 853,854,335 respectively. The figurea not accounted for under re- venue and expenditure relate to transne tions under various heads such as De-1 posite, Advances, Subsidiary Coin. Un allocated Stores, etc.

(Continued as food of nezi colums.)

Cosmetics and perfumery

Cottons dyed plain (not spe

cially mentioned) Firecrackers

and fishery products

50.000

Fish

469,192

"(other), ".....

237,500

Flour (wheat)

6,509

Ganny hags

815,270

The nominal amount of coins in ciren- lation is 319,780,370, and the market value is now practically par.

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

Hongkong and Shanghai

Banking Corporation $34,974,774

- Chartered Bank of India,

Australia and China... Mercantile. Bank of India,

-Limited

The specie in reserve came

to

11,239,602

Hosiery

Kerosene

Lenther, sole

Mats, other kinds

Matches Paperware Pennut oil

Rattans

Rico meal (rice bran). Rice in husk (Padi)

Rice, broken

Ilice cargo

Rice glutinous

Rice, white

1,384,413 $43,678,780

Shirtings, white (40/43 yds.)...

Silk piece goods

Sugar candy

Sugar, raw

Sugar, refined

Tea

$32,300,000 12-The rate of exchange for the estimates was taken at 2/6 whereas the average rate for purposes of conversion in the Treasury books was 2/08:

Tin alals and ingots Tobacco. prepared, native Vermicelli

Yarn, cotton

1,001,450 372,907

This was at the business before the motting.

WAICHOW CAPTURED.

It

It is officially announced at Canton that Dr. Sun Yat Sen's forces have captured Waichow, the headquarters of General Chen Chiung Ming's troops.

day's rest will 383,325 They entered the city after two days

Sighting, and after advance towards Haifung and Lukfung.

An official communiqué issued late on Wednesday evening atated that the situa 1,382373. tion at Sheklung is quite normal, and 1,578,283 that the enemy have retreated in dis The Constitution. 347,853 order up the river, 340,70 alint forces had received orders to com- 2,283,657 mener pursuit of the enemy yesterday

66,602 morning.

437,918

434.990

354,947.

405,477

340,753

690,753

GENERAL.

Apart from the unprecedented number of opium seizures, Revenue Officers in this 1.118,291 course of their duties seized 788 gallons 2,345,656 of Chinese wine, 150 bottles of European 1,221,140 liquors, 569 lbs. of Chinese tobacco, 584

520,812

s of foreign tobacco, 11,650 cigars, 5,700,219

118,988 cigarettes, 217 arms of various 622,829

kinds, 54,007 rounds of ammunitions and 1,135,146

41 lottery tickets,

361,977

1,779,342

LEVENCE AND EXPENDITURE. 4,545,793 The net revenue collected by this De- 651,41 partent was $8.229,781,86 an increase of 3,898,7712181,015.00 as compared with 1921.

471.252 The actual expenditure of this Depart- 500,887 most for the year was $631,733.97" an in- 4.001,102 crease of $39,977.93 as compared with

/(Continued as fool of next coheren.)

1001